# Bygen

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bygen-pty

- Industry: Renewable Energy
- Headquarters: Thomastown, Australia
- Website: www.bygen.com.au
- Total disclosed funding: $1.5M
- Latest round: Series A (Dec 18, 2023)
- Investors on record: 9

## About

Based in Victoria, Australia, and co-founded by Lewis Dunnigan (Managing Director) and Philip Kwong (Technical Advisor) in 2018, Bygen Pty Ltd operates as a producer of sustainable and tailored activated carbon and carbon dioxide sequestration solutions. In April 2024 the firm raised USD 2.6 million in series A funding led by investors Breakthrough Victoria, Alberts, Investible, Artesian, and StartMate.

The company produces activated carbon in granular and powdered forms, by utilizing renewable and sustainably sourced materials such as nut shells, wood, and husk. Central to Bygen's operations is its patented low-temperature activation (LTA) technology, which ensures product performance as well as significantly reduces the carbon footprint associated with production. Bygen's activated carbon finds extensive applications in filtration for drinking water treatment, gold recovery, decolorization, petrochemical processes, and remediation of per- and polyfluoroalkyl substances (PFAS), etc.

The company plans to utilize the April 2024 funding to support the development of its production plant and its geographic expansion.

## Funding rounds

- Series A, Dec 18, 2023, $1.5M — StartMate, Artesian, Investible, Alberts, Breakthrough Victoria, Jas Impact Capital No 3 Pty Ltd, Impact Ventures, Great Plains Holding Company Pty Ltd, Wkm Holdings Pty Ltd

## Investors

- StartMate (https://capitalatlas.ai/funds/startmate) — Series A
- Artesian (https://capitalatlas.ai/funds/artesian) — Series A
- Investible (https://capitalatlas.ai/funds/investible) — Series A
- Alberts — Series A
- Breakthrough Victoria — Series A
- Jas Impact Capital No 3 Pty Ltd — Series A
- Impact Ventures — Series A
- Great Plains Holding Company Pty Ltd — Series A
- Wkm Holdings Pty Ltd — Series A