Bioeutectics, an Argentinian startup focused on developing sustainable solvents, raised $2.1 million in a funding round led by Fen Ventures and Atento Capital, aimed at driving its expansion into the U.S. market.

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Bioeutectics, an Argentinian biotech startup, is committed to transforming the solvent market by developing high-performance and environmentally friendly solvents that minimize ecological impact. The company has recently secured a funding round of $2.1 million, primarily led by Fen Ventures and Atento Capital, with additional investments from GridX, Syensqo Ventures (formerly Solvay Ventures), and SOSV’s IndieBio.

Utilizing natural deep eutectic technology, Bioeutectics creates solvents derived entirely from renewable resources, ensuring a sustainable manufacturing process. The company boasts a diverse portfolio comprising over 30 products, currently focusing on four key sectors: food technology, agriculture technology, personal care, and sustainability, with plans to expand production and sales in 2024.

Industry Overview in Argentina

The biotech industry in Argentina is rapidly evolving, with a national focus on sustainability and innovation. The country's favorable agricultural landscape has historically contributed to the developmen