{"id":3053,"date":"2022-08-31T11:54:37","date_gmt":"2022-08-31T11:54:37","guid":{"rendered":"https:\/\/kthholding.se\/?p=3053"},"modified":"2022-08-31T12:09:17","modified_gmt":"2022-08-31T12:09:17","slug":"cellfion-closes-seed-round-of-14-msek","status":"publish","type":"post","link":"https:\/\/kthholding.se\/en\/cellfion-closes-seed-round-of-14-msek\/","title":{"rendered":"Cellfion closes seed round"},"content":{"rendered":"

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Back<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_custom_heading source=”post_title” font_container=”tag:h1|font_size:36px|text_align:left|color:%2305101f” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:700%20bold%20regular%3A700%3Anormal”][vc_column_text el_class=”description-hero”]The cleantech startup Cellfion celebrates its first anniversary by securing financing to enable the next steps towards the commercialization of the world\u2019s first biobased membrane. Cellfion has now secured a seed investment of 14 million SEK where KTH Holding participated together with Almi Invest Green Tech, Voima Ventures, Klimatet Invest and LiU Invest.<\/strong>[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section][\/vc_section][vc_section][vc_row el_class=”hero”][vc_column][vc_column_text el_class=”description-hero”]The transition to replace fossil fuels with renewable, green energy has been moving at an unprecedented rate in the last decade. However, the expansion of the renewable energy industry doesn\u2019t come without its challenges – especially where energy storage is concerned. Intermittent renewable energy, such as wind and solar, require a means of storing energy, since the sun isn\u2019t always shining and the wind isn\u2019t always blowing. Rapidly emerging technologies in the form of Redox Flow Batteries and hydrogen can provide the perfect solution, where energy can be stored and discharged upon demand. Cellfion is here to enable these solutions and ensure sustainability with their unique biobased membranes.<\/p>\n

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The unique characteristics and raw materials of Cellfion\u2019s membrane is what sets them apart in today’s market. Cellfion\u2019s technology is made from the most abundant biopolymer on the planet, cellulose, derived from wood. By extracting cellulose nano fibrils from wood, and modifying the surfaces, the fibrils can be fabricated into sheets of membranes that can be used as critical components in energy storage and conversion devices, such as Redox Flow Batteries and fuel cells. The fact that Cellfion\u2019s membranes are made from an abundant forest material makes them not only sustainable, but also cost-effective.<\/p>\n

\u201cTo the best of our knowledge and extensive research- we are the first company working towards the commercialization of biobased membranes with no toxic substances at all<\/em>\u201d, says Liam Hardey, CEO of Cellfion and Forbes 30 under 30 2022 nominee.<\/p><\/blockquote>\n

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\u201cWe are happy take part in this investment round and continue supporting Cellfion that has made great progress since our pre-seed investment. They generate a lot of interest and obviously address a very interesting market\u00a0 <\/em>says Daniel Carlsson, Investment Manager KTH Holding AB.<\/p><\/blockquote>\n

Cellfion stems from 10 years of research at KTH Royal Institute of Sweden, Link\u00f6ping University and RISE. When taking the steps from research to a commercial product, it’s important to surround the company with good partners that are long-term and believe in the company\u2019s mission. Cellfion has now secured a seed investment of 14 million SEK from Almi Invest Green Tech, Voima Ventures, Klimatet Invest, LiU Invest and KTH Holding.<\/p>\n

The equity injection enables Cellfion to continue the development towards being a scalable manufacturer of sustainable membranes. In the coming years, the company plans<\/u> to expand their team, begin their rapid prototyping by working with customers and partners, and focus on getting their first product to market.<\/p>\n

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For more information:<\/strong><\/p>\n

Liam Hardey, CEO Cellfion Email: liam.hardey@cellfion.se<\/a><\/p>\n

Alexandra\u00a0 Troulioti, Communications\u00a0 and marketing\u00a0 manager, +46709838506 alexandra.troulioti@cellfion.se<\/a><\/p>\n

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About Cellfion<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

Research\u00a0at KTH,\u00a0LiU and RISE combined cellulose fiber knowledge with electrochemistry and\u00a0 as a result, Cellfion was born\u00a0 as\u00a0 a\u00a0 company\u00a0\u00a0in august 2021. The research combined cellulose fiber knowledge with electrochemistry and as a result, Cellfion was born as a company in august 2021 and Liam Hardey became its\u2019 CEO. The company is based in Norrk\u00f6ping but has recently moved into its new headquarters in Stockholm. Today Cellfion consists of 4 team members and a board of advisors and researchers with long experience in the field.<\/p>\n

www.cellfion.se<\/a><\/p>\n

About KTH Holding:<\/strong><\/p>\n

KTH Holding invests in early stage start-up companies based on research or education at KTH. KTH Holding is part of the innovation ecosystem at KTH supporting commercialization via investments in companies and intellectual property rights. The aim is to make research, new ideas and knowledge from KTH generate a positive impact in society. The investment portfolio comprises more than 40 companies in many technology fields and development stages.[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_row css=”.vc_custom_1649397021259{border-radius: 20px !important;}”][vc_column][\/vc_column][\/vc_row][vc_section full_width=”stretch_row” el_class=”top-bot” css=”.vc_custom_1648030392493{background-color: #05101f !important;}” el_id=”move-down”][vc_row][vc_column][vc_custom_heading text=”Nyheter” font_container=”tag:h1|text_align:left|color:%23ffffff” use_theme_fonts=”yes”][\/vc_column][\/vc_row][\/vc_section][vc_row][vc_column][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

Cellfion closes seed round of 14 MSEK where KTH Holding co-invested with e.g. Voima Ventures and ALMI Invest.<\/p>\n","protected":false},"author":5,"featured_media":3055,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-3053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","category-17","description-off"],"acf":[],"yoast_head":"\nCellfion closes seed round - KTH Holding AB<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kthholding.se\/en\/cellfion-closes-seed-round-of-14-msek\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cellfion closes seed round - KTH Holding AB\" \/>\n<meta property=\"og:description\" content=\"Cellfion closes seed round of 14 MSEK where KTH Holding co-invested with e.g. Voima Ventures and ALMI Invest.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kthholding.se\/en\/cellfion-closes-seed-round-of-14-msek\/\" \/>\n<meta property=\"og:site_name\" content=\"KTH Holding AB\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-31T11:54:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-31T12:09:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kthholding.se\/wp-content\/uploads\/2022\/08\/DSC04482-794x1024.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"794\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"daniel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@admin_cmbsu19r\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"daniel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/kthholding.se\/#website\",\"url\":\"https:\/\/kthholding.se\/\",\"name\":\"KTH Holding AB\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/kthholding.se\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/kthholding.se\/en\/cellfion-closes-seed-round-of-14-msek\/#primaryimage\",\"url\":\"https:\/\/kthholding.se\/wp-content\/uploads\/2022\/08\/DSC04482.jpg\",\"contentUrl\":\"https:\/\/kthholding.se\/wp-content\/uploads\/2022\/08\/DSC04482.jpg\",\"width\":1916,\"height\":2472},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/kthholding.se\/en\/cellfion-closes-seed-round-of-14-msek\/#webpage\",\"url\":\"https:\/\/kthholding.se\/en\/cellfion-closes-seed-round-of-14-msek\/\",\"name\":\"Cellfion closes seed round - 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