# New Iridium

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/new-iridium

- Industry: Chemicals
- Headquarters: Boulder, US
- Website: www.newiridium.com
- Total disclosed funding: $2.6M
- Latest round: Seed (Jun 11, 2025)
- Investors on record: 4

## About

New Iridium, based in the US, specializes in providing sustainable chemical solutions through innovative bio-based products that replace traditional petrochemicals, targeting environmentally conscious industries.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. It has successfully raised USD 2.65 mn in its SEED funding round, led by Radicle Growth, bringing its total funding to USD 2.65 mn across 2 deals.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 currently targets markets in North America and Europe, seeking to penetrate sectors focused on sustainability and carbon reduction.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's partnerships, including collaborations with strategic advisors and government entities, further enhance its growth and market penetration efforts.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. The recent funding raised from CIRI Ventures will support these initiatives and bolster their market expansion efforts.

## Funding rounds

- Seed, Jun 11, 2025, $2.6M — Evergreen Climate Innovations, Radicle Growth, CIRI Ventures, Climate Insiders

## Investors

- Evergreen Climate Innovations (https://capitalatlas.ai/funds/evergreen-climate-innovations) — Seed
- Radicle Growth (https://capitalatlas.ai/funds/radicle-growth) — Seed
- CIRI Ventures (https://capitalatlas.ai/funds/ciri-ventures) — Seed
- Climate Insiders — Seed