ALINA

ALINA

Produces state-of-the-art clay mineral materials, by challenging how things are made.

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DateInvestorsAmountRound
-investor investor investor investor

€0.0

round
N/A

€0.0

Valuation: €0.0

-57.2x EV/Revenue

-20.8x EV/EBITDA

round
*
N/A

N/A

-
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
EUR2017201820192020202120222023
Revenues0000000000000000000000000000
% growth(15 %)(535 %)-108 %23 %(58 %)-
EBITDA0000000000000000000000000000
% EBITDA margin-(4 %)17 %-1 %11 %-
Profit0000000000000000000000000000
% profit margin41 %-17 %--2 %-
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article, Dealroom estimates

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More about ALINA
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ALINA is a Latvian cleantech company specializing in the production of advanced mineral materials derived from montmorillonite clay. The firm's core business revolves around providing environmentally friendly additives to manufacturers of building materials, such as paints and coatings. These additives serve as a substitute for toxic chemicals and heavy metals, particularly biocides, which are traditionally used to prevent the growth of mold and other microorganisms. ALINA's business model is centered on a B2B approach, supplying its patented clay mineral materials directly to industrial clients. Revenue is generated through the sale of these materials, with distribution agreements in place to facilitate access to markets in Germany, Denmark, France, Spain, and the Baltics.

The company's flagship product line, ALINA LIFE, is an eco-certified material designed to enhance the durability and appearance of eco-friendly and natural building products. Its primary benefit is extending the lifespan of paints and coatings while complying with environmental regulations like the Eco Label requirements. The production technology is a key aspect of ALINA's value proposition, described as a zero-waste, single-stage, and energy-efficient process. This method allows for the creation of organoclays, a compound of clay and organic chemistry products, which forms the basis of their patented technology.

The foundational idea for the company originated from inventor Juris Kostjukovs, with theoretical research beginning in 2012 in collaboration with the University of Latvia. The company was co-founded by his daughter, Solvita Kostjukova, who serves as CEO, along with Girts Ozols and Davids Stebelis. Solvita Kostjukova has a background in mathematics and over a decade of experience in science management and social entrepreneurship, which she applied to commercialize her father's invention. The company has received notable investments, including a EUR 550,000 seed round in 2018 from a business angel syndicate to develop a demo plant and accelerate sales. ALINA has also secured grants from the European Union's LIFE programme to support research and market entry.

Keywords: cleantech, clay mineral additives, montmorillonite, building materials, paint additives, biocide substitute, sustainable materials, eco-friendly coatings, organoclays, green building, construction materials, Latvian startup, Solvita Kostjukova, Juris Kostjukovs, chemical substitute, environmental technology, material science, B2B manufacturing, coating solutions, zero-waste production

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