Paving the Way for Commercial-Scale Production Facility
Nottingham, UK – Deep Branch, a carbon dioxide recycling company, today announced it has completed an €8M Series A investment round. The investment complements a combined €4M in non-dilutive funding secured from UK and EU grant-funded projects scheduled from Q4 2020 to Q1 2023. Novo Holdings and DSM Venturing led the round, with participation from Total Carbon Neutrality Ventures and Barclays Sustainable Impact Capital. Johan Hueffer, Senior Partner at Novo Holdings, and Rob Beudeker, Investment Director at DSM Venturing, will join Deep Branch’s Board of Directors. Lars Topholm, Head of Research at Carnegie Investment Bank in Denmark and non-executive Board member of Deep Branch since 2019, has been elected Chair of the Board.
Deep Branch addresses both the sustainability of animal farming and the reduction of carbon dioxide emissions with their CO2-to-protein technology, creating the first scalable path for a truly sustainable protein generation process from a waste product. Their revolutionary ingredient, Proton™, is not just a more environmentally friendly feed ingredient, but will also provide a regular supply of a price-stable, price-competitive, and nutritionally optimal bulk protein.