About Bind-X
Bind-X is an Agriculture company based in Planegg (Germany) founded in 2011 by Martin Spitznagel. Technology for particle solidification via biomineralization is developed. Bind-X has raised $11.01 million across 6 funding rounds from investors including EIT Health, European Union and HG Ventures. Its chief executive, as recorded, is Martin Spitznagel. Bind-X offers products and services including TerraBind, Customised Development, Staff Training, and Technical Support. Its focus areas include Food and Agriculture Tech, Crop Tech, Farm Inputs and Biologicals. Its legal entity is Bind-X GmbH. Its competitors include INOQ, SUDAU AGRO and GreEnCAP.
Company details
Bind-X was founded in 2011 in Planegg, Germany, where technology for the solidification of particles is developed. Proprietary microbiologically induced calcite precipitation is utilized to transform dust into stone through biomineralization. In this bio-geochemical process, calcium carbonate is precipitated by microorganisms. Operations center on environmental and industrial applications in the biotechnology sector, with leadership provided by co-founder and CEO Martin Spitznagel.
- Headquarters Planegg, Germany
- Founders Martin Spitznagel
- SectorsAgriculture
- Email••••••••
- Phone•••• ••••
- Website bind-x.com
- Social LinkedIn X YouTube
- Legal Name Bind-X Gmbh
- Total Equity Funding$11.01M (USD)
in 6 rounds
- Latest Funding Round$11.01M (USD), Series B
Aug 2023
- InvestorsEIT Health
& 6 more
Products & Services of Bind-X
Bind-X offers a comprehensive portfolio of products and services, including TerraBind, Customised Development, Staff Training, and Technical Support.
Biological binder that stabilizes roads, reduces dust, and cuts water usage in mining.
Tailored binder solutions based on soil analysis for specific mining conditions.
On-site guidance for operators to optimize dust control implementation.
Advice and assistance for effective dust management in mining operations.
Apps and channels of Bind-X
its YouTube channel Bind-X has 9 subscribers and 3 videos.
Videos from Bind-X
The most watched videos on Bind-X's YouTube channel, Bind-X (9 subscribers). Click a video to play it here.
More on Bind-X.
Funding Insights of Bind-X
Bind-X has successfully raised a total of $11.01M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $11.01 million completed in August 2023. 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 $11.01M
- Total Rounds 6
- Last Round Series B — $11.01M
- First Round $57,250
(Jun 2018)
- Investors Count 7
All 6 funding rounds of Bind-X 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 |
|---|---|---|---|---|---|
| Aug 2023 | $11.01M | Series B | – | HG Ventures, Saxovent | |
| Sep 2022 | $48,656 | Grant | – | – | |
| Oct 2020 | $1.92M | Grant | – | – | |
| Nov 2019 | $55,048 | Grant | – | – | |
| Aug 2019 | $55,392 | Grant | – | – | |
| Jun 2018 | $57,250 | Grant | – | – |
7 investors in total: 7 institutional.
Investors in Bind-X
Bind-X has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include EIT Health, European Union and HG Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
HG Ventures is focused on investing in sustainable technology companies. | hgventures.com | Indianapolis, United States | ||
Government agency and accelerator focusing on innovative startups and SMEs | eicfund.eu | Brussels, Belgium | ||
Healthcare startups are accelerated and incubated through specialized programs. | 2015 | eithealth.eu | Munich, Germany | |
Invests in and develops renewable energy projects, focusing on wind energy and sustainability. | 1997 | saxovent.com | Berlin, Germany | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for Bind-X
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People of Bind-X
1 people are tracked at Bind-X (1 in leadership).
| Name | Role | Group |
|---|---|---|
Martin Spitznagel | Co-Founder & CEO | Leadership |
Complete people profiles for Bind-X
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Timeline of Bind-X
3 dated milestones of Bind-X across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Bind-X is founded.
- Funding First funding round of $57K.
- Funding Latest funding round, Series B, of $11.0M.
Competitors of Bind-X
Bind-X has 3 listed competitors in our database. They include INOQ, SUDAU AGRO and GreEnCAP.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| inoq.de | 2001 | Schnega, Germany | Provider of crop inputs for farming | |||
| sudau-agro.de | 1996 | Erding, Germany | Farm biologicals are manufactured to enhance plant nutrition and growth. | |||
| greencaptech.com | 2022 | Munster, Germany | Crop protection solutions are provided using plant-based and aquaculture-waste materials. |
Detailed competitors of Bind-X
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Related news about Bind-X
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Frequently Asked Questions about Bind-X
Bind-X was founded in 2011 and raised its 1st funding round 7 years after it was founded.
Bind-X is headquartered in Planegg, Germany. It is registered at Planegg, Bavaria, Germany.
Martin Spitznagel is the CEO of Bind-X, as recorded in our data. They have also founded this company.
Bind-X is a funded company, having raised a total of $11.01M across 6 funding rounds to date. The company's 1st funding round was a Grant of $57.25K, raised on Jun 2018.
Bind-X was founded in 2011 in Planegg, Germany, where technology for the solidification of particles is developed. Proprietary microbiologically induced calcite precipitation is utilized to transform dust into stone through biomineralization. In this bio-geochemical process, calcium carbonate is precipitated by microorganisms. Operations center on environmental and industrial applications in the biotechnology sector, with leadership provided by co-founder and CEO Martin Spitznagel.
Bind-X's top competitors include INOQ, GreEnCAP and SUDAU AGRO.
Bind-X offers TerraBind, Customised Development, Staff Training, and Technical Support.
Bind-X has 7 investors. Key investors include EIT Health, European Union, HG Ventures, Saxovent, and Greeneering Invest.
Bind-X operates through Bind-X Gmbh.