# Biosynthetic Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/biosynthetic-technologies

- Industry: Chemicals
- Headquarters: Indianapolis, US
- Website: www.biosynthetic.com
- Total disclosed funding: $7.5M
- Latest round: Series A (Feb 2, 2022)
- Investors on record: 1

## About

Biosynthetic Technologies, LLC develops sustainable base oils utilizing biobased synthetic compounds. Their innovative solutions cater to various industries, emphasizing environmentally friendly alternatives to petroleum-based products.Biosynthetic Technologies, LLC is focused on producing sustainable base oils derived from a unique class of biobased synthetic compounds known as Estolides. Founded in 2006 in Indianapolis, US, the company has made strategic advancements in its operations. The latest funding, a Series A round amounting to USD 7.5 mn led by HG Ventures in February 2022, supports the company’s growth initiatives. Matthew Kriech serves as the CEO.Biosynthetic Technologies specializes in sustainable base oils derived from Estolides, formulated from organic fatty acids. Their products cater to multiple applications, including industrial lubricants, personal care products, metalworking fluids, greases, and food-grade lubricants. The company's offerings, such as BioEstolides™, are non-toxic and biodegradable, designed for seamless integration into existing lubricant formulations, primarily serving clients in North America and Europe.Biosynthetic Technologies generates revenue through direct sales of its innovative base oils and formulations, utilizing B2B transactions to supply products such as BioEstolides™ typically available in bulk quantities. Pricing is established through contract negotiations based on volume and customer specifications, serving a diverse clientele from small businesses to large manufacturers in the lubricant and personal care sectors.The funding raised in February 2022, totaling USD 7.5 mn, will enable Biosynthetic Technologies to scale operations, enhance sales and manufacturing capabilities, and ensure compliance with global regulations. The company is also working on broader lifecycle assessments for its products to facilitate market entry and expansion efforts. Specific future products and market expansions have not been disclosed.

## Funding rounds

- Series A, Feb 2, 2022, $7.5M — HG Ventures
- Series A, May 7, 2019 — HG Ventures

## Investors

- HG Ventures (https://capitalatlas.ai/funds/hg-ventures) — Series A