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 $11.54 million across 9 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
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Sectors
Chemicals & Materials
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Email
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Phone
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Website
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Social
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- Legal Name Cellugy Aps
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Annual Revenue
Not available
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Net Profit
-$95.49 K (USD)37as on Dec 31, 2022
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EBITDA
-$116.68 K (USD)40as on Dec 31, 2022
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Total Equity Funding
$11.54 M (USD)
in 9 rounds
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Latest Funding Round
$9.22 M (USD), Grant
Jun 24, 2025
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Investors
European Commission
& 9 more
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Employee Count
17
as on Nov 30, 2024
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Products & Services of Cellugy
Cellugy offers a comprehensive portfolio of products and services, including EcoFLEXY Rheo, EcoFLEXY Sun, and EcoFLEXY Color.
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 $11.54M across 9 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.
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.
| Investor | Description | Founded Year | Domain | Location |
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A privately owned industrial group focused on chemical investments.
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European impact tech startups are supported through investments.
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Venture capital fund focused on tech sectors
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Investor details for Cellugy
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Investments & Acquisitions by Cellugy
Investment portfolio details for Cellugy
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Financial Statements - Cellugy
Detailed financials for Cellugy
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Cellugy Comparisons
Peer comparison for Cellugy
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of natural biopolymer materials
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Provider of sustainable material using methane-based greenhouse gases
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Biodegradable and compostable plastics are developed using proprietary formulations.
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Provider of seaweed-derived alternatives to plastics for films, coatings, and paper
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Green chemicals are developed using microcapsule technology for sustainability.
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Developer of biotechnology that transforms carbon waste into valuable resources
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Detailed competitors of Cellugy
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Latest news on Cellugy
Complete news archive for Cellugy
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Frequently Asked Questions about Cellugy
Cellugy was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Cellugy is headquartered in Søborg, Denmark.
Isabel Alvarez Martos is the current CEO of Cellugy. They have also founded this company.
Cellugy is a funded company, having raised a total of $11.54M across 9 funding rounds to date.
As of Nov 30, 2024, the latest employee count at Cellugy is 17.
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.
Cellugy's top competitors include Newlight Technologies, Tidal Vision and Zerocircle.
Cellugy offers EcoFLEXY Rheo, EcoFLEXY Sun, and EcoFLEXY Color.
Cellugy has 10 investors. Key investors include European Commission, European Union, Danmarks Eksport og Investeringsfond, International Chemical Investors, and Unconventional Ventures.