Eranova
Developed a technology that uses green macro algae stranded on beaches as a resource for the production of bio-based, recyclable, compostable resins.
| Date | Investors | Amount | Round |
|---|---|---|---|
$7.1m | Seed | ||
| Total Funding | 000k | ||
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | - | 174 % | (63 %) | 649 % | 44 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | - | (4217 %) | (2043 %) | - | (3014 %) | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | - | (3838 %) | (1875 %) | (16064 %) | (4376 %) | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Dealroom estimates
Eranova specializes in converting stranded green algae found on beaches into biosourced resins, which are suitable for various industrial production processes. The company operates in the sustainable materials market, targeting industries that require eco-friendly alternatives to traditional plastics. Eranova's business model involves the collection and processing of green algae to produce high-quality resins, which are then sold to manufacturers looking to integrate sustainable materials into their products. Revenue is generated through the sale of these biosourced resins to industrial clients. The company is supported by notable entities such as TOTAL TDR, the Paca region, and the BPI, and has been recognized by the 2017 ADEME Investment Program.
Keywords: green algae, biosourced resins, sustainable materials, industrial production, eco-friendly, plastics alternative, algae processing, industrial clients, revenue generation, ADEME Investment Program.