Freiberg-based chemical startup CYNiO has raised over €2 million in investment capital to scale its sustainable technology for isocyanate production and expand its product portfolio.
The funding involved investment from bmp Ventures, IBG Innovation Fund, and TGFS Technologiegründerfonds Sachsen to support CYNiO's path to market readiness.
CYNiO specializes in safe, flexible, sustainable production of CO₂-based isocyanates, crucial building blocks for various industries, aiming to spark innovation in end products.
The company's first production facility will be in Bitterfeld-Wolfen Chemical Park, Saxony-Anhalt, aiming to reduce dependence on imports and strengthen Europe as a production location.