Kaffe Bueno, a leading Danish bioscience company renowned for its innovative approach in valorising coffee by-products, today proudly announces a momentous investment deal led by Borregaard with the participation of the European Innovation Council Fund (EIC Fund), Dalgaard Group, EIFO, PINC and The Yield Lab.
The financial injection, totalling €6.2 million, marks a pivotal moment in Kaffe Bueno’s growth trajectory and validates the investors’ belief in the company’s vision and technology. Borregaard, a global leader in biomass refining and advanced environmentally friendly biochemicals, has shown an interest in Kaffe Bueno’s unique approach to coffee biorefining and increased market demand for high-performing biobased solutions.
“Kaffe Bueno’s approach to upcycling of coffee by-products into high-value products for global niche markets aligns well with Borregaard’s business model. We are impressed by what they have achieved so far and look forward to being part of their ongoing journey. We realise that it will take time to scale up and fine tune production and to establish a global business, but we see this as an interesting opportunity with potential synergies between the two companies in several functions”, says Per A. Sørlie, President and CEO of Borregaard.
“It is amazing to receive the support of such a strong partner and leader in the refining of biomass”, says Juan Pablo Medina, CEO of Kaffe Bueno. “This investment is a clear testament of support for our efficient biorefinery technology and all the different novel applications/products we have developed from coffee side streams. With Borregaard’s expertise in biorefinery operations and access to key markets and customers, our path to a commercial size biorefinery is clearer than ever.”
Pioneering in upcycling spent coffee grounds, Kaffe Bueno transforms by-products into high-performance, natural ingredients, meeting market needs and lowering scope 3 emissions for its customers across industries. The first focus is the Personal care industry where active ingredients such as KAFFOIL ®, KAFFAGE ® and KAFFAIR ® are already launched in the market.
The capital injection is complemented by the recent opening of Kaffe Bueno’s coffee biorefinery the world’s first,enabling the delivery of commercial volumes to the market and facilitate further scale up, product development and market expansion.
The round was led by Borregaard, with participation by EIC/EIB and existing investors PINC (venture arm of Finnish Paulig), The Yield lab, EIFO (Export & Investment Fund of Denmark) and Dalgaard group.
About Kaffe Bueno
Kaffe Bueno is a Danish bioscience company at the forefront of using coffee by-products for creating sustainable resources. With a foundation in innovation and sustainability, Kaffe Bueno is dedicated to positively impacting industries and the planet through their ground-breaking work in bioscience.
About Borregaard
Borregaard operates one of the world’s most advanced and sustainable biorefineries. By using natural, renewable raw materials, we produce advanced and environmentally friendly biochemicals that can replace oil-based products. Utilising the different components of wood, Borregaard produces biopolymers, speciality cellulose, biovanillin, cellulose fibrils and bioethanol for a variety of applications in sectors such as agriculture and aquaculture, construction, pharmaceuticals and cosmetics, foodstuffs, batteries, and biofuels. The Borregaard Group employs 1100 man-years in plants and sales offices in 13 countries throughout Europe, Asia, and the Americas.
Source
Kaffee Bueno, press release, 2024-01-22.
Supplier
Borregaard
EIFO (Export & Investment Fund of Denmark)
Enhanced European Innovation Council (EIC)
European Investment Bank (EIB)
Kaffee Bueno
The Yield lab / Europe
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