VEnvirotech Biotechnology SL

Based in Barcelona, Spain, VEnvirotech Biotechnology SL focuses on developing innovative bioplastic solutions, aiming to replace traditional plastics with sustainable alternatives derived from organic waste. Founded in 2018, VEnvirotech Biotechnology SL specializes in creating bioplastics using agroindustrial waste. The company was established by Noelia Alfaya, who has a history in the biotechnology sector. The company has closed a total of 2 deals, with a notable funding round in July 2021, raising EUR 11 million from various investors, including AT Giribets 2000 SL and the Gassó family.

VEnvirotech specializes in the production of innovative bioplastic solutions designed to replace conventional plastics in various applications. Their core offerings include customizable bioplastics derived from organic waste, engineered to biodegrade and compost, minimizing environmental impact. The company's bioplastics cater to a range of industries, including packaging, cosmetics, textiles, healthcare, and technology, addressing the demand for sustainable materials. VEnvirotech employs a specialized bacterial process to convert agroindustrial waste into biopolymers, which can be tailored for specific applications based on attributes such as chemical resistance, elasticity, and strength.

Their products are developed for markets in Europe, North America, and Asia, servicing a diverse client base including manufacturers and retailers seeking sustainable packaging solutions. In the most recent fiscal year, 2024, VEnvirotech generated a revenue of EUR 592,800. 6, with an EBITDA of EUR 336,419. 8.

Their revenue model is centered around direct sales of bioplastic products to industry clients on a B2B basis, where bulk orders are placed to meet manufacturing needs. Pricing is tailored to the specific formulations required by clients, ensuring flexibility for various applications while maintaining a commitment to quality through comprehensive technical and safety documentation provided with each batch. Following the EUR 11 million funding round in July 2021, VEnvirotech plans to accelerate its growth strategy focusing on consolidating its business model in Spain. The company aims to introduce new bioplastic products tailored to specific market needs and intends to expand its reach into additional geographic regions, further broadening their market presence.

The funding will support these initiatives and the development of innovative solutions that align with the increasing global demand for eco-friendly materials.