# Cellugy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cellugy-aps

- Industry: Forestry & Timber
- Headquarters: Soborg, Denmark
- Website: www.cellugy.com
- Total disclosed funding: $5.3M
- Latest round: Seed (May 21, 2024)
- Investors on record: 6

## About

Founded in 2018 and based in Soborg, Denmark, Cellugy ApS operates as a manufacturer of biomaterials. Isabel Alvarez-Martos (CEO), Deby Fapyane (CSO), and Parun Sihombing (CFO/COO) are the co-founders of the company. In June 2025,?Cellugy ApS?received EUR 8.1 million in grant funding from new investor LIFE Programme. The company’s primary product, EcoFLEXY, creates a tunable platform technology for growing sustainable biofabricated cellulose materials and ingredients. This platform enables the firm to tailor the applications of EcoFLEXY to meet the diverse needs of a wide array of industries and products. EcoFLEXY presents an eco-friendly alternative to conventional materials, paving the way for a sustainable future by leveraging the inherent power of natural processes. This material reduces environmental impact and exemplifies the potential of biofabrication to create renewable solutions. Cellugy’s applications encompass personal care products, textiles, packaging solutions, and paints and inks. The company will use the June 2025 funding for the production of its EcoFLEXY.

## Funding rounds

- Seed, May 21, 2024, $5.3M — PreSeed Ventures, Joyance Partners, Unconventional Ventures, The Footprint Firm, ICIG Ventures, Export and Investment Fund of Denmark

## Investors

- PreSeed Ventures (https://capitalatlas.ai/funds/preseed-ventures) — Seed
- Joyance Partners (https://capitalatlas.ai/funds/joyance-partners) — Seed
- Unconventional Ventures (https://capitalatlas.ai/funds/unconventional-ventures) — Seed
- The Footprint Firm (https://capitalatlas.ai/funds/the-footprint-firm) — Seed
- ICIG Ventures (https://capitalatlas.ai/funds/icig-ventures) — Seed
- Export and Investment Fund of Denmark (https://capitalatlas.ai/funds/export-and-investment-fund-of-denmark) — Seed