Låkril Technologies, with the slogan "catalyzing technology development for sustainable chemical production," is a startup that aims to revolutionize the chemical industry by using bio-based sugars as feedstocks to reduce CO2 intensity. Founded in 2021 and headquartered in the United States, the company focuses on catalyzing sustainability in chemical processes through the sale of acrylics and the licensing of related catalyst and process technology. The company's pioneering catalyst technology allows for the production of sustainable, bio-based acrylic acid and acrylate derivatives, which can serve as drop-in replacements for various industries such as paints, coatings, adhesives, and superabsorbents. The technology aims to significantly decrease the world's CO2 intensity while offering these sustainable alternatives at the lowest cost. Låkril Technologies recently secured a $206.50K grant investment on 15 May 2023 from the US Department of Energy, showcasing confidence and support from a reputable investor in the pursuit of their sustainable chemical production mission.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | $206.50K | 1 | US Department of Energy | 15 May 2023 |
Pre Seed Round | $600.00K | 2 | Kentucky Corn Growers Association | 16 Nov 2022 |
Grant | $181.50K | 1 | National Institute of Food and Agriculture | 03 Sep 2022 |
Grant | $100.00K | 1 | Minnesota Corn Growers Association | 17 Nov 2021 |
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