New Iridium
Latest round
- Seed
Last raised
- Jun 2025
Total raised
- $2.6M
Investors
- 4
About New Iridium
Founded in 2020 and headquartered in Boulder, US, New Iridium focuses on developing bio-based chemical alternatives. The company has undergone no significant pivots and operates independently.New Iridium specializes in the development of sustainable chemical solutions, primarily focusing on its flagship products: Bio-Acetic Acid and Bio-Ethyl Acetate. These products are derived from bio-ethanol using a proprietary photo- and thermal-catalytic platform, which allows for energy-efficient reactions that significantly reduce carbon emissions during production. The Bio-Acetic Acid and Bio-Ethyl Acetate serve as drop-in replacements for their petrochemical counterparts, catering to industries such as coatings, adhesives, packaging, textiles, and pharmaceuticals. Both products are USDA BioPreferred® certified, affirming their 100% bio-based content and suitability for environmentally-conscious end users.New Iridium operates primarily on a B2B model, engaging directly with clients in various industries that utilize its bio-based chemical products. Revenue is generated through direct sales of Bio-Acetic Acid and Bio-Ethyl Acetate to manufacturers and distributors, with potential subscription or partnership arrangements in development to facilitate wider distribution. The company also engages in transactions with larger chemical producers and end-users, focusing on delivering value through sustainable solutions. The pricing structure for these products reflects their premium quality and the advantages of sustainability, although specific pricing details are not disclosed.New Iridium is focused on expanding its product line and entering new markets. The company is designing additional bio-based chemical products to launch in the upcoming years. Plans include targeting new regions beyond North America and Europe to enhance market presence.
Who invested in New Iridium
4 investors across 1 round
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Funding rounds
Seed
Jun 11, 2025
Amount
$2.6M
Investors
Questions about New Iridium
Who invested in New Iridium?
New Iridium has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has New Iridium raised?
New Iridium has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did New Iridium last raise money?
New Iridium's most recent round on record is a Seed, in Jun 2025.
What does New Iridium do?
Founded in 2020 and headquartered in Boulder, US, New Iridium focuses on developing bio-based chemical alternatives.
Where is New Iridium headquartered?
New Iridium is headquartered in Boulder, US.
Which VCs invest in companies like New Iridium?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back chemicals companies at New Iridium's stage. Their profiles are linked below.
VCs backing chemicals startups at Seed
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