About Chempolis
Chempolis is an Energy & Utilities company based in Oulu (Finland) founded in 1995, and was acquired by M Green in October 2024. Technology developer for papermaking fiber and cellulosic ethanol. Chempolis has raised $11.3 million across 2 funding rounds from investors including Fortum, Taaleri and Teknoventure. Its chief executive, as recorded, is Tomi Honkala. Its Indian entity Chempolis India Private Limited reported revenue of ₹4.32 Cr. Chempolis offers products and services including formico® Technologies and Licensing Services. Its focus areas include Energy, Bioenergy, Biofuels and Technology Licensors & Providers.
Company details
Chempolis was founded in 1995 in Oulu, Finland, and operates in the biotechnology sector focused on biorefining. Non-wood and non-food biomasses such as straw, bagasse, corn stover, and bamboo are processed into papermaking fibers, bioethanol, and biochemicals through sustainable technologies. The formicofib process is utilized for producing fibers suitable for paper, board, packaging, and hygiene products, while the formicobio process converts raw materials into cellulosic ethanol.
- Headquarters Oulu, Finland
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website chempolis.com
- Social LinkedIn X
- Acquired by M Green (Oct 2024)
- Legal Name Chempolis India Private Limited
- Date of Incorporation 28 Nov, 2013
- Jurisdiction New Delhi, Delhi, India
Associated legal entities of Chempolis
Chempolis operates through Chempolis India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Chempolis India Private Limited CIN U74999DL2013FTC261222 | Active | 28 Nov 2013 | New Delhi, Delhi | ₹4.3 Cr | 2 | View details |
Products & Services of Chempolis
Chempolis offers a comprehensive portfolio of products and services, including formico® Technologies and Licensing Services.
Biorefining technologies are employed to convert biomass into products like bioethanol and biochemicals while minimizing environmental impacts
Licensing of biorefining technologies and related services are offered to support sustainable industrial processes
Funding Insights of Chempolis
Chempolis has successfully raised a total of $11.3M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $11.3 million completed in October 2016. 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 $11.3M
- Total Rounds 2
- Last Round Series A — $11.3M
- Investors Count 3
All 2 funding rounds of Chempolis 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 |
|---|---|---|---|---|---|
| Oct 2016 | $11.3M | Series A | – | – | |
| Jun 1999 | Series A | – | – |
4 investors in total: 4 institutional.
Investors in Chempolis
Chempolis has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Fortum, Taaleri and Teknoventure.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified asset management and private equity firm focused on renewable energy and multiple sectors | taaleri.com | Helsinki, Finland | ||
Clean energy solutions for generation, retail, and heating are provided. | 1998 | fortum.com | Espoo, Finland | |
Tailored corporate and financial arrangement solutions are provided by Teknoventure. | 1991 | teknoventure.fi | Finland | |
AM Green is focused on sustainable green molecule production. | amgreen.com | Hyderabad, India |
Investor details for Chempolis
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Chempolis India Private Limited (Chempolis)
Chempolis India Private Limited is the primary company behind Chempolis. The board of Chempolis India Private Limited currently have 2 directors; the longest-serving is Heli Kyllikki Antila, appointed in 2022. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Heli Kyllikki Antila DIN 08170878 | Director | 15 Feb 2022 | 4 yrs 8 mo | Chempolis India Private Limited |
| Siddharth Vashisth DIN 09156211 | Director | 28 Mar 2023 | 3 yrs 7 mo | Chempolis India Private Limited |
People of Chempolis
1 people are tracked at Chempolis (1 in leadership).
| Name | Role | Group |
|---|---|---|
| CEO | Leadership |
Complete people profiles for Chempolis
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of Chempolis
Figures of Chempolis India Private Limited, the primary company behind Chempolis, for FY 2025. Revenue was ₹4.32 Cr (+26% year on year). Net loss was -₹1.17 Cr (-27% margin). EBITDA was -₹1.14 Cr (-26% margin). Revenue has grown at a compounded annual rate of +8964% over three years and +58% over five years.
- ₹4.32 CrRevenue · FY 2025 · +26% YoY
- -₹1.17 CrNet loss · -27% margin
- -₹1.14 CrEBITDA · -26% margin
- ₹90 LakhPaid-up capital
- +8964%Revenue CAGR, 3 years
- +58%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Chempolis India Private Limited are on its company page.
Detailed financial statements for Chempolis
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of Chempolis
4 dated milestones of Chempolis across 29 years, from founding to its latest funding, stage changes and deals.
- Founded Chempolis is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $11.3M.
- Exit Acquired by M Green.
Web traffic of Chempolis
The website of Chempolis (chempolis.com) receives about 1.3K visits a month.
- Monthly visits1.3K
▼ 25.3% vs previous month
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Related news about Chempolis
Complete news archive for Chempolis
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Frequently Asked Questions about Chempolis
Chempolis was founded in 1995 and raised its 1st funding round 4 years after it was founded.
Chempolis is headquartered in Oulu, Finland. It is registered at Oulu, North Ostrobothnia, Finland.
Tomi Honkala is the CEO of Chempolis, as recorded in our data.
Chempolis is a funded company, having raised a total of $11.3M across 2 funding rounds to date.
The primary company behind Chempolis, Chempolis India Private Limited, reported revenue of ₹4.32 Cr for FY 2025, up 26% year on year.
Chempolis was founded in 1995 in Oulu, Finland, and operates in the biotechnology sector focused on biorefining. Non-wood and non-food biomasses such as straw, bagasse, corn stover, and bamboo are processed into papermaking fibers, bioethanol, and biochemicals through sustainable technologies. The formicofib process is utilized for producing fibers suitable for paper, board, packaging, and hygiene products, while the formicobio process converts raw materials into cellulosic ethanol.
Chempolis offers formico® Technologies and Licensing Services.
Chempolis has 4 investors. Key investors include Fortum, Taaleri, Teknoventure, and AM Green.
Chempolis operates through Chempolis India Private Limited.
Yes. Chempolis was acquired by M Green in October 2024.
The legal entities of Chempolis currently have 2 directors, including Heli Kyllikki Antila, Siddharth Vashisth.