# Lakril Technologies Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lakril-technologies

- Industry: Chemicals
- Headquarters: Chicago, US
- Website: www.lakril.com/
- Total disclosed funding: $2.9M
- Latest round: Seed (Nov 21, 2024)
- Investors on record: 7

## About

Based in Illinois, US, and founded in 2021 by co-founders Christopher P. Nicholas and Paul J. Dauenhauer, Lakril Technologies Corporation is a spin-off from the University of Minnesota. It develops catalyst technology that converts corn-derived lactic acid into acrylics. In February 2025, Lakril Technologies Corporation raised USD 3.1 million in seed funding co-led by new investors GC Ventures and Radicle Growth, with participation from other new investors Evergreen Climate Innovations, Discovery Capital, and Illinois Department of Commerce and Economic Opportunity. Returning investors Iowa Corn Opportunities, Kentucky Corn Growers Association, individual and other unspecified investors also participated in the round. Lakril Technologies Corporation provides alternatives to petrochemicals to help decrease CO2 intensity. Its technology helps in the catalytic dehydration of a-hydroxy acids allowing the supply of sustainable, bio-based acrylic acid and acrylate derivatives as drop-in replacements to the paints, coatings, adhesives, and superabsorbents industries. The company plans to use the pre-seed funding to replace petroleum adhesives and super absorbents with home-grown and corn-based alternatives. The company will utilize the February 2025 funding to use domestically produced bio-based materials in place of petroleum-based coatings in daily life.

## Funding rounds

- Seed, Nov 21, 2024, $2.9M — Discovery Capital, Illinois Department of Commerce and Economic Opportunity, Evergreen Climate Innovations, Iowa Corn Opportunities, Radicle Growth, GC Ventures, Kentucky Corn Growers Association

## Investors

- Discovery Capital (https://capitalatlas.ai/funds/discovery-capital) — Seed
- Illinois Department of Commerce and Economic Opportunity — Seed
- Evergreen Climate Innovations (https://capitalatlas.ai/funds/evergreen-climate-innovations) — Seed
- Iowa Corn Opportunities (https://capitalatlas.ai/funds/iowa-corn-opportunities) — Seed
- Radicle Growth (https://capitalatlas.ai/funds/radicle-growth) — Seed
- GC Ventures — Seed
- Kentucky Corn Growers Association — Seed