Cobalt has advised Lixea on an investment of EUR 2 million into the company by the European Innovation Council Fund.
According to Cobalt, Lixea is a London-based start-up founded in 2017 that develops an innovative biomass fractionation process using ionic liquids. According to the firm, “the EIC Fund investment enables Lixea to accelerate the commercialization of its technology for converting wood waste into renewable chemicals, materials, and fuels and offers a green alternative to the petrochemical industry.”
Cobalt’s team included Partner Kristel Raidla-Talur and Senior Associate Sven Bottcher.
Cobalt did not reply to our inquiry on the matter.