Deakin Bio is excited to announce it has raised £693,000 through an oversubscribed equity funding round. Proceeds from the fundraising will be used to accelerate development and scale up of the company’s low-energy processes to produce advanced bio-based materials as sustainable alternatives to ceramics.
The fundraising was led by Green Angel Ventures, which is the UK’s leading specialist in early-stage climate-related technology innovation investments. Its Syndicate provides the best access to added value that an investor can offer an early-stage or start-up company in this field.
Deakin Bio’s technology creates composites by combining bio-derived binders with widely available waste minerals, such as crushed limestone. The resulting materials look, feel, and behave like ceramics, but do not need to be fired or glazed at high temperatures. The technology can be used on existing mass-manufacturing equipment.
Initial applications are to provide alternatives to decorative ceramic tiles, helping to address the industry’s significant challenges with high energy prices and tighter emission regulations. Eliminating the energy consumption and emissions associated with firing and using recycled materials reduces the carbon footprint and reduces water consumption.
Deakin Bio’s solution has a carbon footprint 94 per cent lower than conventional tiles made on the same equipment and creates products with more than 95 per cent recycled content. Further applications for Deakin Bio’s materials include a wide range of moulded ceramic-like materials.
The Company was founded by Chief Executive Officer Dr Aled Roberts, who holds a PhD in Materials Chemistry from the University of Liverpool.
