Press release- US$15m financing round completed – Upsized following significant demand
Copenhagen, 29 June- Unibio, the sustainable protein company, today announced the successful completion of a US$15m bridge round financing, predominantly from existing shareholders. The bridge round, arranged by West Hill Capital, was increased due to significant investor demand and was 2.2x oversubscribed. The valuation of Unibio is now above US$300m. The capital raised will be used for general corporate purposes and to support the company’s future development plans.
Unibio has also successfully closed the previously announced partnership agreement with Stafilies in respect of Protelux, the first industrial-scale plant producing Uniprotein®. As part of the transaction, the intellectual property and experience gained by Protelux in constructing and operating the world’s first industrial-scale U-Loop® fermenter will be shared with Unibio and can be leveraged when designing and building similar facilities around the world. Following the partnership, Stafilies is now a significant shareholder in Unibio.
David Henstrom, the new Chief Executive Officer, who joined Unibio from Cargill has also now taken up his role to grow Unibio.
Jan Boeg Hansen, Chairman, said:
“It has been an extremely busy and successful year for Unibio, with the commencement of industrial production and the completion of the capital raising. The confidence placed in us by our shareholders is testimony to the strong story that Unibio has to tell and now that David has joined us we are working hard to continue the development of Unibio at a high pace.”
Unibio
Unibio, the leading sustainable protein systems company, uses microbial fermentation to convert any natural gas or methane, including bio-gas, into high quality and sustainable protein for fish and animal feed. It is Unibio’s mission to deliver sustainable protein for farming and fishing practices. Unibio’s technology – the U-Loop® technology – is highly resource efficient in respect of land and water usage and is sustainable. Our process mimics microbial consumption of gases emitted by decaying plant material that happens every day in nature. Our high quality Uniprotein® product has been approved by the EU for animal and fish feed and is certified organic by Organic Farmers & Growers Ltd, the leading organic certification control body approved by the UK Government.
Uniprotein® – a sustainable protein
Uniprotein® is derived from the U-Loop® technology fermentation – a continuous-flow fermentation of a microbial culture using any type of natural gas or methane, including bio-gas. Uniprotein® has a 70% protein content that easily compares with high-value proteins like super-prime fishmeal and highly concentrated soy products, especially in aquaculture feeds and as starter feed for piglets. Uniprotein® will be sold through a network of distributors, as well as directly to large key accounts around the world.
Protelux
Protelux is a Russian company producing protein for feed based on Unibio’s U-Loop® technology. Protelux was the first company to license Unibio’s technology in 2016, and has since invested in designing and building industrial scale manufacturing of protein. Protelux is located in Ivangorod, Russia, and was established by Stafilies.
Stafilies
Stafilies is a private international investment company backed by a group of international investors, including Kirill Pisarev and Mikhail Serdtsev whose primary businesses include high-end residential and mixed-use real estate development in the UK, EU and CIS.
For media enquiries or access to photos, please contact:
Unibio
Trine Leth, Head of Communications
tl@unibiogroup.com
+45 23231965
