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Environment Tech Series C Founded 2018

Comet Bio

Technology developer for conversion of wood & wheat into cellulosic glucose syrup. Their technology converts wood, wheat straw, bagasse, corn stover and other agricultural waste materials into high purity cellulosic glucose syrup. Has built the first commercial biomass sugar plant in Sarnia, Canada, with a capacity of 60 million pounds per year. Founded in 2018, headquartered in Sarnia, Canada. The company has…

📍 Sarnia, Canada · Solid Waste Management Tech,

Funding snapshot

Last roundSeries C
Amount$25M
Date13 July 2021
Total raised$25M
Team size13

About

Technology developer for conversion of wood & wheat into cellulosic glucose syrup. Their technology converts wood, wheat straw, bagasse, corn stover and other agricultural waste materials into high purity cellulosic glucose syrup. Has built the first commercial biomass sugar plant in Sarnia, Canada, with a capacity of 60 million pounds per year. Founded in 2018, headquartered in Sarnia, Canada. The company has raised $25.0M in funding at the series c stage. The company operates in the Solid Waste Management Tech sector with additional focus on Solid Waste Management Tech and Advanced Materials. Its business model centers on Agriculture. Founded in 2018, headquartered in Sarnia, Canada. The company has raised $25.0M at the Series C stage. Backed by investors including PM Equity Partner, Sofinnova Partners, Open Prairie Ventures, BDC, Louis Dreyfus Company and others.

Business model

Advanced Materials > Biomaterials > Biodegradable Polymers > Bioplastics > From Waste > Agriculture,

Solid Waste Management Tech > Recycling > Organic Waste Conversion > Agricultural Waste

Institutional investors

PM Equity Partner Sofinnova Partners Open Prairie Ventures Louis Dreyfus Company Frost & Sullivan Bioindustrial Innovation Canada 100+ Accelerator

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