Syensqo Ventures invested in solvent start-up
The venture capital arm of Solvay’s specialty chemical spinout, Syensqo Ventures, led a $2.1 million financing round for an Argentinian start-up, Bioeutectics, that aims to produce natural solvents.
A little context. Solvents are ubiquitous. Not only are they widely used in industry for extractions, but we find them everywhere we look: in paints to disperse pigments, in adhesives to make them easier to apply, and in countless cosmetic and personal care products like perfumes, lotions, and everything else you’ll find in Sephora. And, as you might imagine, these solvents — ethanol, ethylene glycol, propanol, ethyl acetate, etc. — almost always have petrochemical origins.
Okay, so what are they doing? Bioeutetics is looking to make natural deep eutectic solvents (NADES), a class of solvents that plants produce to transport poorly water-soluble metabolites and macromolecules. The exact composition of these solvents varies widely, but they are primarily composed of amino acids, organic acids, sugars, and choline derivatives.
Zooming out. There are two things to keep in mind: first, now that Solvay’s specialty businesses are spun out as Syensqo, Syensqo’s investors are more...
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