US EditionEstonian BioTech ÄIO secures €6.1M for sustainable oil production — Invest in Estonia
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Estonian BioTech ÄIO secures €6.1M for sustainable oil production — Invest in Estonia
Estonian biotechnology startup ÄIO has raised €6.1M in a funding round led by Voima Ventures, 2C Ventures, SmartCap, and Nordic Foodtech VC. The investment will fund the construction of a demonstration plant in Estonia, enabling the company to produce environmentally friendly oils and fats from wood and agricultural residues. Founded in 2022 as a spin-off from Tallinn University of Technology (TalTech), ÄIO has developed a novel fermentation pro…
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