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BioBTX
BioBTX technology makes full carbon circularity possible, by transforming biomass and plastic waste into renewable chemicals,
About BioBTX
BioBTX is a pioneering company that specializes in converting non-food biomass and plastic waste into BTX (Benzene, Toluene, and Xylene), which are essential aromatics in the chemical industry. This innovative approach not only addresses the growing demand for BTX but also provides a sustainable alternative to fossil-based resources. By utilizing waste materials, BioBTX significantly reduces CO2 emissions and contributes to a circular economy, where plastics can be recycled and reused, minimizing environmental impact.
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BioBTX primarily serves clients in the chemical and plastics industries, offering them a sustainable solution to produce high-performance materials. The company operates in the global market, where the demand for BTX continues to rise due to increasing population and welfare. BioBTX's business model revolves around transforming waste into valuable resources, thereby creating a competitive edge and a viable economic proposition.
Revenue is generated through the sale of sustainable BTX to chemical companies and manufacturers who are looking to reduce their reliance on fossil fuels and lower their carbon footprint. By providing a cost-effective and eco-friendly alternative, BioBTX positions itself as a key player in the transition towards sustainable industrial practices.
At a glance
- Status
- Operational
- Founded
- 2012
- Headquarters
- Groningen, Netherlands
- Employees
- 23
- Open positions
- None listed
- Dealroom signal
- 70.0/100
- Sub-industry
- Clean Energy, Oil & Gas, Energy Efficiency, Waste Solution
- Sector
- Energy, Recycling, Biotechnology, Biomaterials, Biochemical, Chemical, Spinout, Sustainable Development Goals
- Technology
- Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| DEBTDebt | Jun 2024 | $21M | — | Polestar Capital · Provincie Groningen | ↗ |
| LATE VCOther financing | Jun 2024 | $46M | $185M | Infinity Recycling · NOM - Northern Netherlands Regional Development Agency · Carduso Capital · Economic Board Groningen | ↗ |
Growth signals
Latest recorded traffic for BioBTX is 600 monthly website visits, down 81.3% over the last three months. BioBTX's team grew 4.5% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Government of the Netherlands
Series A3 investors entered at this stage
Carduso Capital
NOM - Northern Netherlands Regional Development Agency
Economic Board Groningen
Series B and later5 investors entered at this stage
Polestar Capital
Provincie Groningen
Infinity Recycling
Covestro
Invest-NL
Other known investors1 additional known investor
University of Groningen
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about BioBTX on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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