In a recent development, the Berlin-based startup has closed €6.5 million in a seed funding round
co-led by VC firms Vorwerk Ventures, which backed Resourcify, Sourcerie, and Planted, and
b2venture.
The round saw participation from other investors, including Frontline, Borski Fund that
recently invested in CarbonX, Auxxo, and Push Ventures.
Sustainable pharma-chemical production DUDE CHEM will use the funding to expand its scientific team and reintroduce its first product to secure the supply chain for one of Europe’s leading generic drug producers. It will help drive the shift in the chemical and pharmaceutical industries toward sustainable, local production that is more cost-efficient.
The patented chemical manufacturing processes are touted to reduce the CO2 emissions of drug
development by up to 40% and the waste it creates by up to 70%.
Source: https://techfundingnews.com/germanys-dude-chem-lands-e6-5m-for-sustainable-pharma-
production/
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