GFBiochemicals Ltd.

GFBiochemicals Ltd. is an innovative company specializing in the production of bio-based chemical ingredientsparticularly using levulinate technologies to replace traditional fossil fuel-derived chemicals in various industries. Founded in 2008 by Mathieu Flamini and Pasquale GranataGFBiochemicals Ltd. is headquartered in GeleenNetherlands.

The company has undergone a Series A funding round on May 52022raising EUR 15. 000 mn led by Sofinnova Partners with participation from Sparta Capital Management. This funding round marked the company's first significant investment since its inception and reflects a strategic pivot towards enhancing manufacturing capabilities and developing new product lines. GFBioChemicals specializes in the production of bio-based ingredientsfocusing on levulinate technologies.

Core products include Ethyl LevulinateButyl LevulinateLevulinate Propanediol Ketaland proprietary formulations like SOLVE100MOVE200CLEAN300and NEW320. These products serve various sectors including plasticscosmeticsand detergentsproviding sustainable alternatives to traditional chemicals. GFBioChemicals generates revenue through direct sales of its bio-based products to manufacturers emphasizing sustainability. Operating primarily on a B2B modelthe company structures pricing according to order volume and specific agreements.

Notable products like SOLVE100 and CLEAN300 are provided through long-term contractsestablishing firm relationships with clients across retail and wholesale sectors. Following the recent EUR 15. 000 mn funding round in May 2022GFBiochemicals plans to build strategic partnershipsinvest in research and developmentand support its manufacturing facility. The company aims to extend its portfolio of patents and hire new talent for sales and marketingparticularly in the US and Europeto facilitate market expansion and the development of upcoming bio-based products.