HutanBio, a biotechnology firm specializing in sustainable biofuels, has successfully secured a £3 million seed funding round, advised by Mishcon de Reya. The investment participants include the UK Innovation and Science Seed Fund (UKI2S), managed by Future Planet Capital (Ventures) Limited, and the lead investor, Clean Growth Fund. HutanBio aims to transform the transport sector by deploying its HBx biofuel, a low-carbon fuel solution designed for high-salinity environments and non-arable lands. This investment underscores the increasing interest in technologies supporting net-zero emissions and will accelerate the development of HutanBio’s innovative biofuel platform. Adam Bradley from Mishcon de Reya expressed satisfaction in advising a company with significant environmental potential, while representatives from UKI2S and Clean Growth Fund highlighted HutanBio’s alignment with their visions for sustainable growth and impactful innovations. Founded in 2019 by experts in microbial genetics and genomics, HutanBio aims to disrupt the biofuel industry and make significant contributions to decarbonizing heavy industries.

Biotechnology, Renewable Energy, Finance,United Kingdom

https://www.mishcon.com/news/mishcon-de-reya-advises-hutanbio-on-securing-investment-from-uki2s