About Cellugy
Cellugy is a company based in Søborg (Denmark) founded in 2018 by Deby Fapyane, Isabel Alvarez Martos, and Parun Sihombing.. Cellugy has raised $10.1 million across 8 funding rounds from investors including European Commission, European Union and Danmarks Eksport og Investeringsfond. The company has 17 employees as of November 30, 2024. Cellugy offers products and services including EcoFLEXY Rheo, EcoFLEXY Sun, and EcoFLEXY Color. Cellugy operates in a competitive market with competitors including Tidal Vision, Newlight Technologies, Polymateria, Zerocircle and Calyxia, among others.
- Headquarter Søborg, Denmark
- Employees 17 as on 30 Nov, 2024
- Founders Deby Fapyane, Isabel Alvarez Martos, Parun Sihombing
-
Sectors
Chemicals & Materials
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Cellugy Aps
-
Annual Revenue
-
Net Profit
$-95.49 K (USD)37as on Dec 31, 2022
-
EBITDA
$-116.68 K (USD)40as on Dec 31, 2022
-
Total Equity Funding
$10.1 M (USD)
in 8 rounds
-
Latest Funding Round
$9.22 M (USD), Grant
Jun 24, 2025
-
Investors
European Commission
& 9 more
-
Employee Count
17
as on Nov 30, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Cellugy
Cellugy offers a comprehensive portfolio of products and services, including EcoFLEXY Rheo, EcoFLEXY Sun, and EcoFLEXY Color. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Biofabricated cellulose for rheological properties in cosmetics.
Provides sun protection using biofabricated materials.
Offers coloring solutions for personal care products.
Funding Insights of Cellugy
Cellugy has successfully raised a total of $10.1M across 8 strategic funding rounds. The most recent funding activity was a Grant round of $9.22 million completed in June 2025. 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 Total Funding
- Total Rounds 8
- Last Round Grant — $9.2M
-
First Round
First Round
(01 Sep 2019)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Grant - Cellugy | Valuation |
investors |
|
| May, 2024 | Amount | Seed - Cellugy | Valuation | International Chemical Investors , Unconventional Ventures | |
| Mar, 2023 | Amount | Grant - Cellugy | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cellugy
Cellugy has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include European Commission, European Union and Danmarks Eksport og Investeringsfond. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
A privately owned industrial group focused on chemical investments.
|
Founded Year | Domain | Location | |
|
European impact tech startups are supported through investments.
|
Founded Year | Domain | Location | |
|
Venture capital fund focused on tech sectors
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Cellugy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Cellugy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cellugy Comparisons
Competitors of Cellugy
Cellugy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tidal Vision, Newlight Technologies, Polymateria, Zerocircle and Calyxia, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of natural biopolymer materials
|
|
| domain | founded_year | HQ Location |
Provider of sustainable material using methane-based greenhouse gases
|
|
| domain | founded_year | HQ Location |
Biodegradable and compostable plastics are developed using proprietary formulations.
|
|
| domain | founded_year | HQ Location |
Provider of seaweed-derived alternatives to plastics for films, coatings, and paper
|
|
| domain | founded_year | HQ Location |
Green chemicals are developed using microcapsule technology for sustainability.
|
|
| domain | founded_year | HQ Location |
Developer of biotechnology that transforms carbon waste into valuable resources
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Cellugy
Frequently Asked Questions about Cellugy
When was Cellugy founded?
Cellugy was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Cellugy located?
Cellugy is headquartered in Søborg, Denmark.
Who is the current CEO of Cellugy?
Isabel Alvarez Martos is the current CEO of Cellugy. They have also founded this company.
Is Cellugy a funded company?
Cellugy is a funded company, having raised a total of $10.1M across 8 funding rounds to date. The company's 1st funding round was a Grant of $54.38K, raised on Sep 01, 2019.
How many employees does Cellugy have?
As of Nov 30, 2024, the latest employee count at Cellugy is 17.
What does Cellugy do?
Cellugy was established in 2018 in Soborg, Denmark, within the biotechnology sector. Biomaterials that are environmentally sustainable are created by the company as substitutes for traditional plastics. Operations involve research and development of these materials, aimed at reducing plastic usage across various applications. The team is led by co-founders including Isabel Alvarez Martos, who serves as CEO, along with Deby Fapyane and Parun Sihombing. Activities are based primarily in Denmark.
Who are the top competitors of Cellugy?
Cellugy's top competitors include Newlight Technologies, Tidal Vision and Zerocircle.
What products or services does Cellugy offer?
Cellugy offers EcoFLEXY Rheo, EcoFLEXY Sun, and EcoFLEXY Color.
Who are Cellugy's investors?
Cellugy has 10 investors. Key investors include European Commission, European Union, Danmarks Eksport og Investeringsfond, International Chemical Investors, and Unconventional Ventures.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.