Virdia
Cellulosic Sugars and Lignin for Renewable Chemicals Production
Company Overview
Snapshot
Founded in December 2007, Virdia operated with 51–200 employees and raised $36.4 million across 4 funding rounds from 4 investors. The company was acquired by Stora Enso in June 2014.
Business overview
Virdia develops cellulosic sugars and lignin for the renewable chemical, bioenergy, and nutrition industries. The company's proprietary CASE process converts various cellulosic feedstocks, including wood, energy crops, and agricultural residues, into highly refined sugars and lignin. This process yields high-purity sugars and lignin suitable for numerous follow-on conversions, serving markets within the Energy Tech sector.
Strategic signal
In June 2014, Virdia was acquired by Stora Enso, a move that integrated Virdia's cellulosic sugar and lignin technology into a larger biomaterials company. This acquisition signaled market validation for Virdia's innovative approach to renewable chemicals production and provided a strategic exit for its investors, indicating the potential for its technology within the broader bioenergy and nutrition industries.
Log in to access full profile ›Company Intelligence Q&A
- What is Virdia's core technology?
- Virdia developed a proprietary CASE process that converts cellulosic feedstock, such as wood, energy crops, and agricultural residues, into highly refined sugars and lignin for renewable chemical, bioenergy, and nutrition industries.
- When was Virdia acquired?
- Virdia was acquired by Stora Enso in June 2014, leading to its integration into Stora Enso Biomaterials.
- What was the total capital raised by Virdia?
- Virdia raised a total of $36.4 million across 4 funding rounds.
- Which investors participated in Virdia's March 2012 funding round?
- In March 2012, Virdia received funding from investors including Khosla Ventures.
- What was the focus of Virdia's commercial plant?
- Virdia operated a commercial plant in Raceland, Louisiana, which produced xylose from sugar cane bagasse.