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MetGen

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The friendly enzyme company

Kaarina, FinlandFounded 2006Energy
Valuation $5–10M Last recorded · 2013
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About MetGen

MetGen Oy operates as a specialized biotechnology company focused on developing and supplying industrial enzymatic solutions. Established in 2008 in Kaarina, Finland, the company was co-founded by CEO Alex Michine, a serial entrepreneur with a background in biotechnology and cleantech, and Professor Alex Azhayev. The firm's core business revolves around designing and producing robust enzymes that can withstand harsh industrial conditions, such as extreme temperatures and pH levels.

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MetGen serves industries that utilize lignocellulosic biomass, including the pulp and paper, renewable chemicals, and biofuel sectors. Its business model involves creating customized enzymatic solutions tailored to specific client needs, moving away from a one-size-fits-all product offering. Revenue is generated through the sale of these enzyme solutions, technology licensing, and joint development projects. The company employs a flexible production strategy, using a network of European contract manufacturing partners to scale production, with plans for expansion into North America, South America, and Asia.

The company's flagship product portfolio, sold under the brand name MetZyme®, consists of highly active natural catalysts that accelerate chemical reactions. A key technological offering is the METNIN™ platform, which enables the enzymatic fractionation of lignin—a byproduct of pulp and biorefinery processes—into valuable 'drop-in' replacements for fossil-based chemicals like polyols and resins. This process allows clients to valorize waste streams and create higher-value biochemicals and biomaterials. MetGen's rapid development cycle, which can take an enzyme from concept to industrial scale in 6-9 months, provides a significant operational advantage.

MetGen has actively participated in collaborative research, leveraging public funding from programs like the EU's Horizon 2020 to advance its technology and build extensive value chains. The company has received numerous accolades, including being named in the Global Cleantech 100 list in 2013 and winning the Best in BioFuel / BioEnergy category at the GCCA Later Stage Awards in 2014.

Source: Dealroom company data

At a glance

Founded
2006
Headquarters
Kaarina, Finland
Sector
Energy

Investors

10 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed3 investors entered at this stage

Series A3 investors entered at this stage

  • Loudspring
  • Finnvera
  • HST

Series B and later4 investors entered at this stage

Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
5 countries with
team presence
🇫🇮 Finland66.7%
🇳🇱 Netherlands16.7%
🇪🇸 Spain5.6%
🇮🇹 Italy5.6%
🇬🇷 Greece5.6%
5 countries shown

Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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