# Virdia

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

- Industry: Materials
- Headquarters: Redwood City, US
- Website: www.virdia.com
- Total disclosed funding: $20M
- Latest round: Series B (Mar 6, 2012)
- Investors on record: 3

## About

Virdia develops innovative bioprocessing technologies aimed at converting biomass into sustainable products. Their advanced solutions support a range of applications in the bioeconomy, catering to diverse client needs.Founded in 2007, Virdia focuses on bioprocessing technology that transforms biomass into valuable products. The company is headquartered in Redwood City, US. On June 23, 2014, Virdia was acquired by Stora Enso for USD 33.00 mn. The company has successfully completed 6 deals, reflecting its strategic growth in the market.Virdia specializes in offering innovative solutions for converting biomass into sustainable end products. Their core product offerings include bioprocessing technologies that enhance operational efficiency and reduce costs, effectively addressing the needs of clients in the bioeconomy. Key end users consist of companies looking to integrate sustainable practices into their operations, benefiting from Virdia's offerings across various applications.Virdia generates revenue through a structured transaction model, primarily engaging with clients via direct sales of its bioprocessing technologies. Pricing is based on the specific products offered, catering to both large enterprise clients and individual consumers. This structured approach facilitates consistent revenue flow, ensuring accessibility to a wide range of market segments.Virdia's strategy for future growth includes launching new bioprocessing technologies to expand their product portfolio. The company aims to enter new geographic markets, targeting Europe and Asia by 2025 to broaden its customer base. The funding secured from the acquisition by Stora Enso will be utilized to support these initiatives and enhance product development.

## Funding rounds

- Series B, Mar 6, 2012, $20M — Burrill & Company, Khosla Ventures, Tamar Ventures
- Series A, May 27, 2009 — Burrill & Company, Khosla Ventures

## Investors

- Burrill & Company (https://capitalatlas.ai/funds/burrill-company) — Series A, Series B
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A, Series B
- Tamar Ventures (https://capitalatlas.ai/funds/tamar-ventures) — Series B