# HutanBio

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

- Industry: Renewable Energy
- Headquarters: Cambridge, UK
- Website: www.hutanbio.com
- Total disclosed funding: $3.8M
- Latest round: Seed (Jul 8, 2024)
- Investors on record: 2

## About

Established in 2019 and based in Cambridge, UK, HutanBio Ltd. operates as a renewable energy company developing biofuels with the use of algae. In January 2024, the firm raised GBP 2.25 million in seed funding led by investor Clean Growth Investment Management. The firm as of January 2024, has offices in the UK and Malaysia and is led by its Chief Scientific Officer, John Archer, and Interim CEO, Paul Beastall.

The company offers a low-carbon biofuel technology called HBx solution, which provides an alternative solution to diesel and feedstock for aviation fuels. HBx utilizes land where agriculture is poor, allowing landowners to build carbon-negative biofuel by utilizing salt water and automated photosynthesis bioreactors. Notably, 1 tonne of HBx produced by the company, helps remove nearly 2 tonnes of carbon dioxide from the atmosphere. The company targets heavy land transport, long-haul aviation, and cargo shipping, aiming to decarbonize industries that collectively consume billions of barrels of oil annually, contributing to climate equity and transformative approaches to long-distance transportation.

The company plans to utilize the January 2024 funding to grow its engineering and business development teams in Cambridge and to speed up the public launch of its HBx bio-fuel oil.

## Funding rounds

- Seed, Jul 8, 2024, $0.9M — UK Innovation & Science Seed Fund
- Seed, Dec 5, 2023, $2.9M — Clean Growth Investment Management

## Investors

- Clean Growth Investment Management (https://capitalatlas.ai/funds/clean-growth-investment-management) — Seed
- UK Innovation & Science Seed Fund (https://capitalatlas.ai/funds/uk-innovation-science-seed-fund) — Seed