Joelson Advises Nova Biochem on Oversubscribed Seed Funding Round

"Joelson advised Nova Biochem on an oversubscribed Seed funding round that secured strategic investment from Circulate Capital, Coca‑Cola Europacific Partners, Archipelago Ventures, TSP Ventures and the Circular Plastics Accelerator. The financing, alongside a €7.5m EU grant, will fund a pilot plant in Sweden and scale Nova Biochem’s lignin-to-bio-aromatics technology."

Joelson represented Nova Biochem in its oversubscribed Seed funding round, securing strategic investment from Circulate Capital, Coca‑Cola Europacific Partners, Archipelago Ventures, TSP Ventures and the Circular Plastics Accelerator. The transaction comprised a Seed equity financing to support Nova Biochem’s proprietary super-critical water process that converts lignin-rich “black liquor” from the pulp and paper industry into high-value bio-aromatic chemicals such as BTX. These bio-aromatics can substitute fossil-based feedstocks for plastics, coatings, adhesives and resins, including PET, offering a carbon-negative, scalable solution compatible with existing industrial infrastructure. The new capital, together with a €7.5 million grant awarded by the EU earlier in 2025, will enable Nova Biochem to construct its first pilot plant in Sweden, scale its technology, initiate industry integration, expand its team and progress toward commercial production. Joelson represented Nova Biochem with a team composed by: Matthew Overton, Partner; Emma Vantine, Associate.

Joelson Advises Nova Biochem on Oversubscribed Seed Funding Round

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