ChainCraft secures $11M funding round for commercial-scale plant

In the Netherlands, ChainCraft, a Dutch scale-up active in circular chemical production is proud to announce it closed a EUR11 million funding round and secured the upcoming equity funding for its full scale flagship plant. ChainCraft produces circular chemicals from food waste through innovative fermentation technology, replacing fossil and palm oil based chemicals. For this round lead investor Convent Capital teamed up with existing investors SHIFT Invest, Horizon 3 and PDENH. ChainCraft will use the proceeds of this round to lay the groundwork for an industrial scale plant and to accelerate its growth plans in its existing Amsterdam demo plant.