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Created: 2025-07-22 12:03:20 UTC
🏢 ÄIO 📍 Estonia 🏗️ Healthcare & Life Sciences
💰 $1.17M grant 🤝 Investors: Estonian Business and Innovation Agency (Ene Viiard)
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📝 Estonian biotech company ÄIO, founded in 2022 as a spin-off from Tallinn University of Technology, has secured €1 million in funding from the Estonian government-backed Applied Research Programme (RUP) to advance its sustainable beauty ingredient technology. This grant is part of a total €2.7 million in grants the company has received, complementing its €7.1 million raised in previous funding rounds, including a €1 million pre-seed in 2022 and €6.1 million seed funding in 2024. The latest funding will support a three-year R&D project focused on scaling up fermentation processes to produce microbial fermentation-derived lipids for cosmetics. ÄIO's innovative process converts industrial by-products like sawdust into high-value oils and fats, offering a sustainable alternative to traditional palm and mineral oils. The company is actively collaborating with cosmetics manufacturers and plans to enter its next fundraising round by Q3 2026 to support further scale-up and international expansion. With a diverse team and a growing IP portfolio, ÄIO is well-positioned to meet the increasing demand for environmentally friendly cosmetic ingredients.
#Startup #Funding #ÄIO
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