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Former Cambridge scientist’s biotech startup pours in £2.25M funding for sustainable algae biofuel

PRIVATEJan 22, 2024

Amount Raised

£2.25 Million

Round Type

Seed

Information TechnologyTransportation

Investors

Clean Growth Fund

Description

HutanBio has raised £2.25 million in investment from Clean Growth Fund to accelerate the commercial use of its HBx bio-fuel oil, reducing greenhouse gas emissions and supporting the expansion of engineering and business development teams in Cambridge.

Quick answer

HutanBio raised £2.25 Million in a Seed round, dated January 22, 2024. Investors: Clean Growth Fund.

How much did HutanBio raise?
HutanBio raised £2.25 Million in a Seed round on January 22, 2024.
Who invested in HutanBio?
Clean Growth Fund is named as investors in this round.
What does HutanBio do?
HutanBio is a technology company focused on transforming the future of long-distance transportation with HBx, a zero-carbon biofuel designed for a sustainable future.
Who are the decision-makers at HutanBio?
Fundz holds 1 contact at HutanBio. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation around the same time

Companies in the same sectors as HutanBio that raised within 45 days of this round, from Fundz verified event records.

  • Carputty Inc. raised $80M (Series A) on March 6, 2024.
  • Eka Solutions raised $1.1M (Seed) on March 6, 2024.
  • Soriano Group raised $11M (Funding Round) on March 6, 2024.
  • SLEEK EV raised an undisclosed amount (Funding Round) on March 6, 2024.
  • Yuno raised $25M (Series A) on March 5, 2024.
  • flyExclusive raised $25M (Series A) on March 5, 2024.

Who to call at HutanBio, and when

A new round usually means HutanBio is about to hire and buy. The teams that reach out first get the meeting.

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  • The decision-makers there, with verified emails
  • Who you already know at HutanBio, from your own LinkedIn network

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Company Information

Company

HutanBio

About

HutanBio is a technology company focused on transforming the future of long-distance transportation with HBx, a zero-carbon biofuel designed for a sustainable future. Long distance transport collectively consumes over 9 billion barrels of fossil fuels annually. With vehicles typically operating for 20-30 years and remaining in motion for up to 90% of their lifespan, the transition to net zero presents considerable challenges. Our mission is to decarbonise these sectors, quickly, cost effectively and with minimal disruption.

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HutanBio raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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