Copenhagen-based Again has raised $43 million in a Series A round co-led by GV and HV Capital. The funding will support the development of Again’s bioproduction processes, which convert waste CO₂ into commercial-grade chemicals. The company’s technology, based on research from the Danish Technical University, Stanford, and MIT, aims to reduce carbon emissions in the petrochemical industry. Additional investors include KOMPAS VC, EIFO, CSC Leasing, ACME Capital and Atlantic Labs. The funds will be used to increase production capacity, advance R&D, and meet a supply agreement with chemical distributor HELM AG.
Again is a company focused on carbon utilisation, transforming CO₂ into carbon-negative chemicals through a biomanufacturing process that uses microorganisms to ferment industrial emissions. By capturing CO₂ at the source, fermenting it, and refining it into commercial-quality chemicals, Again provides a practical solution to reduce carbon emissions in the petrochemical industry. This technology, grounded in extensive research from institutions like the Danish Technical University, Stanford, and MIT, offers an effective means to decrease the carbon footprint of industrial processes and support the transition to more sustainable chemical production.
Dr. Torbjørn Jensen, co-founder at Again, said: “Again is the world’s first carbon-negative chemical manufacturer that can scale to meet global demand. Whilst other companies are struggling to make carbon capture scaleable, we have the means to not only capture waste CO₂ but turn it into useful products to fully decarbonise the supply chain. We have ambitious plans ahead and this funding is critical to help us reach the next stage in our mission.”
Roni Hiranand, Principal at GV said: “We have been highly impressed with the company’s ability to develop and deploy the core technology so effectively into valuable, market-ready products so we were delighted to co-lead Again’s Series A round after previously backing them. While other sectors have found short-term pathways to mitigating emissions, large segments within the industry still need to achieve the same level of momentum. ”
Jan Miczaika, Partner at HV Capital, said: “Again is a once-in-a-generation company that has the technology to solve a major problem, decarbonising the petrochemical industry, and the commercial plan to be able to scale this technology.”
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Read the orginal article: https://arcticstartup.com/again-raises-43m-series-a/
