# LuaBio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/luabio-aps

- Industry: Chemicals
- Headquarters: Denmark
- Website: www.secondcircle.bio
- Latest round: Series A (Feb 5, 2025)
- Investors on record: 3

## About

Based in Soborg, Denmark, and founded in 2020 by CEO Torbjorn Olshoj Jensen, Alex Toftgaard Nielsen, and Stephanie Redl, LuaBio ApS, d.b.a. SecondCircle is a developer of technology that controls and converts carbon emissions into value-added chemicals and materials. In August 2022, LuaBio ApS received EUR 43 million in grant funding from Horizon 2020.

The company provides develops biocatalysts (bacteria) by capturing carbon dioxide from industrial emitters at the point of emission using synthetic biology technology. These biocatalysts convert carbon dioxide into chemical compounds, which are sold back to the industries.

SecondCircle plans to use its proceeds from August 2022 funding to funding to scale up its business growth.

## Funding rounds

- Series A, Feb 5, 2025 — HV Capital, GV, DG Daiwa Ventures

## Investors

- HV Capital (https://capitalatlas.ai/funds/hv-capital) — Series A
- GV (https://capitalatlas.ai/funds/gv) — Series A
- DG Daiwa Ventures (https://capitalatlas.ai/funds/dg-daiwa-ventures) — Series A