BioMimetx

BioMimetx

Develops green anti-fouling solutions.

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DateInvestorsAmountRound
-investor investor

€0.0

round
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€0.0

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€0.0

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investor investor investor

€0.0

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*

€500k

Valuation: €8.0m

17021.3x EV/Revenue

Seed
Total Funding000k

Financials

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Revenues, earnings & profits over time
EUR2015201620172018202120222023
Revenues0000000000000000000000000000
% growth--44 %61 %---
EBITDA0000000000000000000000000000
% EBITDA margin-(66 %)(56 %)(5 %)---
Profit0000000000000000000000000000
% profit margin-(33 %)131 %11 %334 %--
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

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More about BioMimetx
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BioMimetx, a Portuguese biotech company founded in 2013, is focused on developing environmentally friendly solutions to combat marine biofouling. The company was founded by Patrick Freire, who serves as the Executive Director & COO. Headquartered in Cantanhede, Portugal, BioMimetx operates from Biocant Park, a local science and technology hub.

The core of BioMimetx's business is the use of naturally occurring bacteria that secrete molecules with antimicrobial and algaecidal properties. This approach addresses the significant ecological problems caused by traditional antifouling agents, which often contain toxic compounds harmful to marine ecosystems. The company's business model revolves around developing and commercializing these natural compounds as additives for various industrial products, starting with the maritime sector. Revenue is generated through the sale of these additives to manufacturers, such as paint producers.

The primary product is BMX-11, a biodegradable additive for marine paints. This product is designed to be incorporated into paints for ship hulls, fishing nets, and other submerged structures to prevent the accumulation of marine organisms like algae and barnacles. A key benefit of BMX-11 is that it remains stable within the paint but biodegrades rapidly—in about a month—once leached into the water, minimizing environmental harm. This offers a distinct advantage over competitors whose products may target a narrower range of organisms or have greater environmental impact. The company has successfully scaled its production process to an industrial level and has received a "Biochemical pesticide" classification from the US EPA for BMX-11. Beyond marine applications, BioMimetx plans to develop products for other sectors, including agriculture and health.

Keywords: antifouling solutions, marine biotechnology, biofouling, biodegradable additives, marine paints, green biocides, antimicrobial compounds, environmental bacteria, algaecides, sustainable marine technology, BMX-11, specialty chemicals, cleantech, industrial biotechnology, aquaculture solutions, maritime industry, biochemical pesticides, nature-inspired technology, ship hull coatings

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