# ProtAffin

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

- Industry: Biotechnology
- Headquarters: Graz, Austria
- Website: www.protaffin.com
- Total disclosed funding: $24M
- Latest round: Series B (Apr 27, 2009)
- Investors on record: 5

## About

ProtAffin AG focuses on developing innovative materials designed to improve operational efficiency and sustainability across various industries, including energy, manufacturing, and construction.ProtAffin AG is based in Graz, Austria, and specializes in advanced materials for the energy, manufacturing, and construction sectors. The company has not undergone any notable changes in its business strategy. ProtAffin has received EUR 14.1 mn in funding, with the latest round being a Grant of EUR 2.1 mn from the Austrian Research Promotion Agency on December 1, 2011. The company has engaged in a total of 7 deals to date, and it was founded by individuals whose names have not been disclosed.ProtAffin specializes in innovative solutions aimed at enhancing operational efficiency and sustainability within various industries. Their core offerings include advanced materials that cater to the needs of the energy, manufacturing, and construction sectors. These products are designed to address critical challenges such as energy conservation, waste reduction, and environmental sustainability. ProtAffin's solutions have been well-received by a diverse clientele, including large-scale industrial manufacturers and construction firms, primarily in European and North American markets. The company's offerings not only fulfill regulatory compliance needs but also provide significant cost savings and operational benefits for end users who prioritize sustainability in their processes.In the most recent year, ProtAffin reported a total revenue of EUR 0 mn, with an EBITDA of EUR -144,261.7 in 2013. Revenue is generated through a structured business model that includes both direct sales and strategic partnerships, primarily through B2B agreements with manufacturers and construction companies incorporating ProtAffin’s materials into their operations.ProtAffin AG is focused on launching new products designed to meet the growing demand for sustainable materials in construction and manufacturing. The company plans to expand its reach into North American markets by the end of 2022. The recent Grant funding of EUR 2.1 mn will be utilized to support these product developments and market expansion initiatives.

## Funding rounds

- Series B, Apr 27, 2009, $19M — Atlas Venture, SR One, Aescap Venture, Entrepreneurs Fund Management, Z-Cube
- Series A, Jan 14, 2008, $2M — Entrepreneurs Fund Management
- Series A, May 4, 2007, $3.5M — Aescap Venture, Z-Cube

## Investors

- Aescap Venture (https://capitalatlas.ai/funds/aescap-venture) — Series A, Series B
- Z-Cube — Series A, Series B
- Entrepreneurs Fund Management (https://capitalatlas.ai/funds/entrepreneurs-fund-management) — Series A, Series B
- Atlas Venture (https://capitalatlas.ai/funds/atlas-venture) — Series B
- SR One (https://capitalatlas.ai/funds/sr-one) — Series B