Allonnia Announces Evok Innovations as Strategic Investor, Raises Additional $20M to Develop and Scale Transformational Waste Management Technologies
This new financing brings Allonnia's total capital raised to $60 million to optimize and scale biological solutions to critical waste remediation and upcycling challenges.
- This new financing brings Allonnia's total capital raised to $60 million to optimize and scale biological solutions to critical waste remediation and upcycling challenges.
- As a part of the transaction, Allonnia will also acquire the assets of Metabolik Technologies , an Evok portfolio company that develops efficient and scalable bioremediation technologies enabling microbes to degrade hard-to-treat compounds in the environment.
- Allonnia is excited to continue the development of transformational biological solutions to help resolve this long-standing industry challenge."
- Allonnia is a waste remediation company that uses advanced technologies and biology to engineer breakthrough systems that unlock the unrealized potential in waste.