{"id":17063,"date":"2021-05-11T17:12:39","date_gmt":"2021-05-11T15:12:39","guid":{"rendered":"https:\/\/www.izb-online.de\/amsilk-erhaelt-finanzierung-ueber-29-millionen-euro\/"},"modified":"2021-05-12T09:24:44","modified_gmt":"2021-05-12T07:24:44","slug":"amsilk-receives-financing-of-29-million-euros","status":"publish","type":"post","link":"https:\/\/www.izb-online.de\/en\/amsilk-receives-financing-29million-euros\/","title":{"rendered":"Amsilk receives financing of 29 million euros"},"content":{"rendered":"

[vc_row el_class=”gco-magazine-container”][vc_column el_class=”bildspalte”][vc_row_inner][vc_column_inner offset=”vc_col-lg-12 vc_col-md-12″][vc_column_text el_class=”gco-magazine–title”]<\/p>\n

Amsilk receives financing of 29 million euros<\/h1>\n

[\/vc_column_text][vc_column_text el_class=”gco-magazine-lead”]Aim is to commercialize biodegradable silk biopolymers such as medical implants or high-performance sportswear[\/vc_column_text][vc_column_text el_class=”gco-magazine–post-date”]May 2021[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”two-columns”][vc_column_inner el_class=”bild-zwei-spalten-links”][vc_single_image image=”17046″ img_size=”full”][vc_column_text el_class=”gco-magazine-copyright”]\u00a9 AMSilk[\/vc_column_text][vc_column_text el_class=”gco-magazine-picture-discription”]Prototype of adidas running shoe with Biosteel\u00ae<\/sup> fiber[\/vc_column_text][vc_single_image image=”17044″ img_size=”full”][vc_column_text el_class=”gco-magazine-copyright”]\u00a9 AMSilk[\/vc_column_text][vc_column_text el_class=”gco-magazine-picture-discription”]Implant coated with AMSilk-silk biopolymers[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”gco-magazine-container–copy” css=”.vc_custom_1591795890737{margin-top: 21px !important;}”][vc_column_inner][vc_column_text css=”.vc_custom_1620804270864{margin-bottom: 44px !important;}”]AMSilk, the world’s first industrial supplier of synthetic silk biopolymers, announces the successful closing of a EUR 29 million Series C fundraise. The financing was led by Novo Growth, the growth equity arm of Novo Holdings, with participation from new investors Cargill and E.R. Capital Holdings as well as existing investors MIG Verwaltungs AG and ATHOS KG. AMSilk aims to accelerate industrial scale-up and expand commercial operations into new markets.<\/strong><\/p>\n

Environmentally friendly and sustainable silk biopolymers
\n<\/strong>AMSilk is a world leader in supplying innovative high-performance bio-based silk materials with a vision to use its proprietary technology platform to lead the change to better and more sustainable products. Its products are made from plant-based raw material via bacterial fermentation, are extremely versatile with extraordinary mechanical and biochemical properties, and have applications across many industries. The environmentally friendly, sustainable silk biopolymers can be fully recycled and are 100 per cent biodegradable. These materials are revolutionizing products such as high-performance sports clothing as well as driving state-of-the-art biomedical developments including medical implants.<\/p>\n

Bio-based high-performance materials
\n<\/strong>The financing will accelerate the ongoing scale-up of AMSilk\u2019s industrial projects worldwide and drive further the internationalization of its commercial activities as it continues to expand its customer base into new markets. Ulrich Scherbel, Chief Executive Officer of AMSilk, <\/strong>said: <\/strong>\u201cTogether with our customers we work to create high-performance bio-based materials with the potential to revolutionize product offerings and drive change across various industries. It is exciting to have the support from high-technology investors, led by Novo Holdings, to make our silk polymers available in industrial quantities to an even broader range of customers and industries.\u201d Dr Wolfgang Colberg, Chairman of the Advisory Board<\/strong>, added: \u201cWith the inspiring support of our new and existing shareholders we are in a strong position to establish AMSilk as one of the leading bio-materials companies in the world.\u201d[\/vc_column_text][vc_column_text css=”.vc_custom_1583761043671{background-color: #1e73be !important;}” el_class=”redaktionell”][\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner][vc_single_image image=”17079″ img_size=”full”][vc_column_text el_class=”gco-magazine-copyright”]\u00a9 AMSilk[\/vc_column_text][vc_column_text el_class=”gco-magazine-picture-discription”]Ulrich Scherbel, CEO AMSilk[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”gco-magazine-container–copy” css=”.vc_custom_1591795890737{margin-top: 21px !important;}”][vc_column_inner][vc_column_text css=”.vc_custom_1620804279007{margin-bottom: 44px !important;}”]Amsilk excites investors Novo Growth, the growth equity arm of Novo Holdings, Cargill, E.R. Capital Holdings as well as MIG Verwaltungs AG and ATHOS KG
\n<\/strong>Kartik Dharmadhikari, Partner at Novo Growth, <\/strong>stated: <\/strong>“AMSilk\u2019s technology has the potential to revolutionize a number of industries and be part of the decarbonization push needed to overcome the biggest environmental challenges of our time. The company has made immense progress in enhancing its high-performance bio-based materials and we are delighted to lead this financing which will enable them to expand the business globally. This investment underscores Novo Holdings\u2019 commitment to backing companies that will have a long-term, sustainable impact on society.\u201d Asheesh Choudhary, Global Business Development Director, Bioindustrial at Cargill, <\/strong>added: <\/strong>\u201cThe apparel industry is demanding bio-based materials that are good for people and the planet. We are excited by AMSilk’s innovation as it offers a sustainable and functional product to its customers. We are investing in AMSilk because our strategic interests are well aligned, and we are happy to be a part of enabling its growth.\u201d On behalf of the existing shareholders, Melissa Simon, ATHOS KG, <\/strong>stated: \u201cAs original investors in the company, we have witnessed the immense progress achieved to date and look forward to continuing to support AMSilk delivering on its vision.\u201d Michael Motschmann, General Partner at MIG AG, <\/strong>added: <\/strong>\u201cAs an AMSilk seed investor, we are proud of the great strides the company has made since inception. Our continued investment in AMSilk mirrors our vision to invest in early biotech and deep tech companies and advance innovations that can move the world forward.\u201d Kartik Dharmadhikari, Partner, Anders Bendsen Spohr, Senior Partner at Novo Holdings, and Melissa Simon from ATHOS KG, will join the Supervisory Board.<\/p>\n

“I was convinced from the very beginning that Amsilk’s innovative technology will conquer the world market. It speaks for itself that five renowned venture capital companies will accompany the company in its commercialization,” says Dr. Peter Hanns Zobel, Managing Director of the Biotechnology Innovation and Start-up Center (IZB)<\/strong> where Amsilk is headquartered.[\/vc_column_text][vc_column_text css=”.vc_custom_1583761043671{background-color: #1e73be !important;}” el_class=”redaktionell”][\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”gco-magazine-container–copy” css=”.vc_custom_1591795890737{margin-top: 21px !important;}”][vc_column_inner]\n\n

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