# LignoPure

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

- Industry: Biopolymers
- Headquarters: Hamburg, Germany
- Website: www.lignopure.de
- Total disclosed funding: $2.7M
- Latest round: Seed (Apr 27, 2023)
- Investors on record: 3

## About

LignoPure GmbH is a Hamburg-based company specializing in innovative bio-based products, primarily lignin-derived materials, aimed at enhancing sustainability across various industrial applications.LignoPure GmbH focuses on the development of lignin-based products for diverse industries. Founded in 2019 in Hamburg, Germany, the company has successfully closed two deals. Joana Chavez, a co-founder, serves as CEO. The most recent funding round, raised on April 27, 2023, was a Seed round amounting to EUR 2.200 mn from investors High-Tech Gründerfonds, Innovationsstarter Fonds Hamburg, and Tanovis AG, bringing the total amount raised to EUR 2.200 mn and valuing the company at EUR 7.294 mn.LignoPure specializes in the development and manufacturing of innovative bio-based products, focusing on high-quality lignin-derived materials. Their core offerings include lignin-based additives and functional fillers for industrial applications, such as bioplastics, adhesives, and coatings. These products enhance mechanical strength, thermal stability, and sustainability, catering to manufacturers in the automotive, packaging, and construction sectors primarily in Europe and North America.LignoPure's revenue model is based on B2B transactions, directly engaging with manufacturers and industrial clients. Sales typically involve bulk orders of lignin-based products tailored to client needs. Pricing is determined by order volume and customization levels, with flagship lignin additives integral to production processes in industries seeking sustainable materials. The company aims to secure recurring revenue through long-term partnerships with clients.Moving forward, LignoPure plans to design and launch new lignin-based products aimed at expanding their market presence by targeting additional regions in Europe and North America. The recent Seed funding round, raised in April 2023, will be utilized to support these new product developments and facilitate entry into emerging markets, aligning with the company's strategy for growth and sustainability.

## Funding rounds

- Seed, Apr 27, 2023 — High-Tech Gruenderfonds, Innovationsstarter Fonds Hamburg, Tanovis
- Seed, Jan 18, 2021, $2.7M — High-Tech Gruenderfonds, Innovationsstarter Fonds Hamburg, Tanovis

## Investors

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