Deep Branch to complete an €8M Series A investment round led by Novo Holdings and DSM Venturing

Deep Branch, a Nottingham, UK-based carbon dioxide recycling company, announced completing a €8M ($9.5M) Series A investment round.

The money was raised from investors led by Novo Holdings and DSM Venturing, with participation from Total Carbon Neutrality Ventures and Barclays Sustainable Impact Capital.

Johan Hueffer, Senior Partner at Novo Holdings, and Rob Beudeker, Investment Director at DSM Venturing, will join Deep Branch's Board of Directors. Lars Topholm, Head of Research at Carnegie Investment Bank in Denmark and non-executive Board member of Deep Branch since 2019, has been elected Chair of the Board.

The investment complements a combined €4M in non-dilutive funding secured from UK and EU grant-funded projects scheduled from Q4 2020 to Q1 2023.

The financing will enable the completion of Deep Branch's Scale-Up Hub at the Brightlands Chemelot Campus (Limburg, NL), producing the first pilot-scale batches of Proton for full nutritional validation with Europe's leading feed producers, including BioMar and AB Agri. It will also enable the company to inform key engineering design work for its first commercial scale production facility.

Deep Branch, founded in 2018 by CEO Peter Rowe, addresses both the sustainability of animal farming and the reduction of carbon dioxide emissions with their CO2-to-protein technology, creating the first scalable path for a truly sustainable protein generation process from a waste product. Their ingredient, Proton, is a more environmentally friendly feed ingredient, and provides a regular supply of a price-stable, price-competitive, and nutritionally optimal bulk protein.