# Green Biologics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/green-biologics

- Industry: Renewable Energy
- Headquarters: Abingdon, UK
- Website: www.greenbiologics.com
- Total disclosed funding: $28M
- Latest round: Series B (Nov 29, 2013)
- Investors on record: 7

## About

Green Biologics Limited is a company focused on producing bio-based solvents, particularly acetone and dry cleaning solutions, catering to environmentally conscious sectors within beauty and cleaning industries.Founded in 2004 and headquartered in Abingdon, UK, Green Biologics Limited specializes in bio-based solvents and launched their flagship product, a bio-based acetone nail polish remover, in June 2018. The company raised USD 34 mn in VENTURE DEBT from Tennebaum Capital Partners on January 21, 2015, bringing their total amount raised to USD 42 mn. The firm has completed 10 deals to date.Green Biologics Limited specializes in the production of bio-based solvents, focusing on eco-friendly acetone and dry cleaning solutions. Their flagship product, launched in June 2018, is a bio-based acetone nail polish remover that targets environmentally conscious consumers, primarily in the cosmetics and dry cleaning industries, with distribution across North America and Europe.In 2022, Green Biologics Limited reported a revenue of USD 0, while their EBITDA stood at USD -33,282.7 for the same year.Green Biologics Limited plans to leverage the recent funding to further develop its product line, with upcoming launches aimed at enhancing its portfolio of bio-based solvents. The company is also focused on expanding its market reach into new geographical areas in North America and Europe by 2025, capitalizing on the growing demand for sustainable products.

## Funding rounds

- Series B, Nov 29, 2013, $25M — Capricorn Partners, Sofinnova Partners, Oxford Capital Partners, 5Y Capital, Rockley Group, Swire Pacific
- Series A, Oct 18, 2007, $3.2M — Oxford Capital Partners, Carbon Trust

## Investors

- Oxford Capital Partners (https://capitalatlas.ai/funds/oxford-capital-partners) — Series A, Series B
- Carbon Trust (https://capitalatlas.ai/funds/carbon-trust) — Series A
- Capricorn Partners (https://capitalatlas.ai/funds/capricorn-partners) — Series B
- Sofinnova Partners (https://capitalatlas.ai/funds/sofinnova-partners) — Series B
- 5Y Capital (https://capitalatlas.ai/funds/5y-capital) — Series B
- Rockley Group (https://capitalatlas.ai/funds/rockley-group) — Series B
- Swire Pacific — Series B