New Iridium Raises $2.65M in Seed Funding

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Here are the details extracted from the provided information:

Startup Information:

  • Startup Name: New Iridium
  • Founders: Dr. Chern-Hooi Lim
  • Founded Year: 2020
  • Website: newiridium.com

Funding Information:

  • Funding Series: Seed
  • Amount Raised: $2.65 Million
  • Date of Fundraise: November 6, 2025

Investors:

  • Lead Investors:
    • Radicle Growth
    • CIRI Ventures
  • Participating Investors:
    • Evergreen Climate Innovations
    • Climate Insiders

Additional Information:

  • Purpose of Funds: To accelerate the development of a low-cost, low-carbon platform technology and to advance the construction of an industrial pilot facility capable of 50 metric tons per year.

Products:

  • Bio-based acetic acid
  • Ethyl acetate
  • Related acetate esters
  • CO₂-derived building block chemicals (e.g., acrylic acid, methacrylic acid, methyl methacrylate ester, methoxyacetic acid)

This summary encapsulates the key details about New Iridium, its funding, and its innovation focus.

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2025-06-11 15:36:21