Arkeon passes $10M in funding for CO2 utilization for protein ingredients

In Austria, ingredients startup Arkeon turns CO2 into next-generation protein ingredients and raises another €4+ million to do more, sooner. Launched just over a year ago, Vienna-based tech startup Arkeon has secured additional capital investments to build out its CO2 utilization technology for converting carbon dioxide directly into protein ingredients. After the company had successfully closed its seed round with leading food and climate tech investors in the beginning of the year, key milestone achievements led the company to secure additional resources from new strategic investors, including ICL, aws Gruenderfonds, FoodHack and Tet Ventures.

With more than €10 million in overall funding to date, the capital will be allocated towards further investments in product development, technology buildout, and infrastructure expansion. This includes a new R&D hub to accelerate the scaling of Arkeon’s production process, while setting the course for industrial applications of the company’s products.