About Beta Renewables
Beta Renewables is an Energy & Utilities company based in Tortona (Italy) founded in 2011, and was acquired by Eni Next in September 2018. Second-generation bioethanol is produced and licensed using Proesa technology. Beta Renewables has raised $116 million across 2 funding rounds from investors including Novozymes, Eni Next and European Union. Beta Renewables offers products and services including Potatoes and Grain Marketing. Its focus areas include Energy, Bioenergy, Biofuels and Technology Licensors & Providers. Its legal entity is Maine Potato Growers, Inc.
Company details
Beta Renewables was founded in 2011 as a joint venture between Biochemtex of the Mossi Ghisolfi Group and TPG, backed by 250 million euros in investment. Advanced biofuels and biochemicals are manufactured in the renewable energy sector through Proesa technology, which converts lignocellulosic biomass into fuel. Operations include management of the initial commercial facility in Crescentino, Italy, with global technology licensing underway from the base in Tortona, Italy.
- Headquarters Tortona, Italy
- Stage Acquired
- SectorsEnergy & Utilities
- Website ww1.betarenewables.com
- Social LinkedIn X
- Acquired by Eni Next (Sep 2018)
- Legal Name Maine Potato Growers, Inc
Products & Services of Beta Renewables
Beta Renewables offers a comprehensive portfolio of products and services, including Potatoes and Grain Marketing.
Potatoes are farmed and sold for food and industrial uses, as part of the standard operations.
Grains are promoted and distributed from farms, as this process is managed within the company's framework.
Funding Insights of Beta Renewables
Beta Renewables has successfully raised a total of $116M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $297.63 thousand completed in September 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $116M
- Total Rounds 2
- Last Round Grant — $297,627
- First Round $116M
(Nov 2012)
- Investors Count 2
All 2 funding rounds of Beta Renewables with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2017 | $297,627 | Grant | – | – | |
| Nov 2012 | $116M | Private Equity Round | – | – |
3 investors in total: 3 institutional.
Investors in Beta Renewables
Beta Renewables has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Novozymes, Eni Next and European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Biosolutions and enzymes are developed for biotechnology applications across industries. | 2000 | novozymes.com | Bagsvaerd, Denmark | |
Provider of exploration, production, and distribution services of oil & gas | 1953 | eni.com | Boston, United States |
Investor details for Beta Renewables
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Beta Renewables
3 people are tracked at Beta Renewables (2 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Guido Domenico Ghisolfi | President and CEO | Leadership |
Giuliano Ghiglione | Global Sales Director | Leadership |
Raffaella Serra | Business Development Manager EMEA | Team |
Complete people profiles for Beta Renewables
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Beta Renewables
4 dated milestones of Beta Renewables across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Beta Renewables is founded.
- Funding First funding round of $116.0M.
- Funding Latest funding round, Grant, of $298K.
- Exit Acquired by Eni Next.
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Frequently Asked Questions about Beta Renewables
Beta Renewables was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Beta Renewables is headquartered in Tortona, Italy. It is registered at Tortona, Piemonte, Italy.
Beta Renewables is a funded company, having raised a total of $116M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $116M, raised on Nov 2012.
Beta Renewables was founded in 2011 as a joint venture between Biochemtex of the Mossi Ghisolfi Group and TPG, backed by 250 million euros in investment. Advanced biofuels and biochemicals are manufactured in the renewable energy sector through Proesa technology, which converts lignocellulosic biomass into fuel. Operations include management of the initial commercial facility in Crescentino, Italy, with global technology licensing underway from the base in Tortona, Italy.
Beta Renewables offers Potatoes and Grain Marketing.
Beta Renewables has 3 investors. Key investors include Novozymes, Eni Next, and European Union.
Beta Renewables operates through Maine Potato Growers, Inc.
Yes. Beta Renewables was acquired by Eni Next in September 2018.