Finnish biotech start-up raises significant investment

MetGen raises a total of 2.2 MEUR in a financing round led by French Sofinnova Partners' Green Seed Fund, Finnish Industry Investment and Finnvera.

Tekes has granted funding for young innovative growth companies (YIC) to MetGen for accelerating growth and internationalisation. Tekes has also granted R&D&I funding to the company in SymBio biotech programme. MetGen is part of the Vigo accelerator program by Tekes and Finnvera.

MetGen develops disruptive enzymatic products that enable significant efficiency improvements in the pulp and paper and biofuels industries, as well as removal of toxic micro-pollutants from waste water.

www.metgen.com

 

Kaj Nordgren

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