# COLIPI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/colipi

- Industry: Biotechnology
- Headquarters: Hamburg, Germany
- Website: www.colipi.com
- Total disclosed funding: $1.9M
- Latest round: Seed (Jan 31, 2024)
- Investors on record: 3

## About

Founded in 2020 and based in Hamburg, Germany, COLIPI GmbH is a spin-off of TU Hamburg that operates as a biotech platform that converts CO2 into carbon-neutral oil. The company was founded by its CEO Maximilian Webers, Jonas Heuer, CTO Philipp Arbter, and Tyll Utesch. In January 2024, COLIPI GmbH raised EUR 1.8 million in seed funding led by High-Tech Gründerfonds, Innovationsstarter Fonds Hamburg, and Nidobirds Ventures GmbH. The round was part of a larger EUR 6.1 million in seed and grant funding.

COLIPI offers a biotechnology research platform that converts climate-damaging CO2 and carbon-containing industrial waste into a climate-neutral alternative, mainly carbon-neutral palm oil, and carbon-neutral crude oil. The firm’s product line includes a bioreactor system that converts waste materials into yeast precision fermentation oil and bacterial gas fermentation oil for various applications. In addition, the company provides climate-friendly oils for the cosmetics and consumer goods sectors.

The company plans to use the funds raised in January 2024 to commercialize its climate oil product and expand its precision fermentation processes.

## Funding rounds

- Seed, Jan 31, 2024, $1.9M — High-Tech Gruenderfonds, Innovationsstarter Fonds Hamburg, Nidobirds Ventures

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed
- Innovationsstarter Fonds Hamburg (https://capitalatlas.ai/funds/innovationsstarter-fonds-hamburg) — Seed
- Nidobirds Ventures (https://capitalatlas.ai/funds/nidobirds-ventures) — Seed