Paris-based clean technology company Calyxia has successfully raised €31.5 million in a Series B funding round. This substantial investment will enable the company to expand its global operations and further develop its biodegradable microcapsules and microparticles, designed to reduce plastic pollution in industries such as consumer goods, agriculture, and advanced materials. The funding round was led by Lombard Odier Investment Managers, through its Plastic Circularity Fund, and Bpifrance, through its Large Venture Fund, with support from existing investors like Astanor. This capital injection positions Calyxia to continue scaling its innovative solutions in a market expected to surpass $10 billion by 2030.
Calyxia’s proprietary technology offers a sustainable solution to a critical global issue: plastic pollution. By developing eco-designed microcapsules and microparticles, the company provides industries with high-performance alternatives that are biodegradable, reducing the environmental impact of their products. This innovation addresses the increasing demand from manufacturers for sustainable materials that do not compromise on product performance or profitability. With this new round of funding, Calyxia aims to accelerate its growth and bring these solutions to a global market.
The company plans to use the funds to expand its commercial and industrial operations, starting with the construction of new headquarters and a second production site in the Paris region by the first quarter of 2025. This new facility will boost Calyxia’s production capacity to 3,000 tons per year, setting the company on track for profitability while solidifying its leadership in the industry. The growing demand for biodegradable alternatives to microplastics, especially in sectors like agriculture and consumer care, gives Calyxia a significant opportunity to make a lasting environmental impact while maintaining strong business growth.
Jamie Walters, CEO and Co-Founder of Calyxia, highlighted how this investment will allow the company to meet the growing need for sustainable solutions: “Our customers are eager to reduce the environmental impact of their products, but they often face trade-offs between performance and profitability. This investment will help us scale the deployment of our technology, allowing manufacturers to reduce plastic pollution and greenhouse gas emissions while enhancing product performance and profitability.”
In 2023, Calyxia achieved a major milestone by installing and qualifying its first fully operational factory, which paved the way for securing key commercial partnerships with leading companies in the agriculture, consumer care, and advanced materials markets. These partnerships represent a significant step forward in the company’s mission to combat plastic pollution on a global scale. The technology developed by Calyxia has already proven effective in reducing the environmental footprint of industrial products while boosting performance.
The funding has garnered enthusiastic support from investors who recognize the company’s potential to drive meaningful change. According to Christopher Tritten, Head of Private Assets and CIO at Lombard Odier Investment Managers, Calyxia’s innovative approach to microplastic pollution aligns with the fund’s mission to support companies building a sustainable future. Similarly, Cindy Ung, Investment Director at Bpifrance, praised the company’s ability to contribute to France’s reindustrialization efforts by developing solutions that not only address plastic pollution but also enhance product performance.
Calyxia’s innovative technology is positioned to revolutionize industries that have long relied on microplastics, offering a scalable and sustainable alternative. With its increased production capacity and strong backing from investors, the company is well on its way to becoming a global leader in the fight against plastic pollution.
