Gelatex in a $1.2 million seed round led by Change Ventures and Crosslight Partners.

Sweden Estonia 21 November 2021
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Gelatex, a Talinn, Estonia-based startup producing bio-based nanofibers on a large scale, announced that it secured $1.2 million in a seed funding round.

The money was raised from investors led by Change Ventures and Crosslight Partners.

Gelatex, founded in 2016 by Mari-Ann Meigo Fonseca and CEO Märt-Erik Martens, developed a proprietary nanofiber technology that uses gelatin for the production of leather-like textile, and now used to produce a variety of nanomaterials for novel applications in medicine, food, textile, filtration, and energy industries.

The company says its materials (nanofibrous 3D scaffolding) could be used to grow cell-cultured meat. This scalable scaffold is needed for manufactured cell-cultured meat production in order to give the meat structure. Without it, meat would just be a paté-type of mush. Currently popular electrospun and hydrogel solutions that are used to enable cell-cultured tissue products are 90% more expensive than what Gelatex can do with their technology.

Total investments received (USD): 1.2M

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