Neela Biotech Raises $2.1M Pre-seed Led by Elbow Beach

Neela Biotech raises $2.1M Pre-seed led by Elbow Beach.

Other participants in the funding round include Ascension, Cambridge Enterprise, Ventures Together, and several strategic angel investors. The funds will be utilized to transition technology from the laboratory to a pilot-scale trial at a biogas facility in the next two years.

Neela Biotech develops methods to produce sustainable aviation fuel using food, agricultural, and forestry waste. The company is led by CEO Deepanshu Singh.

Company	Neela Biotech
Round	Pre-seed
Amount	$2.1M
Lead Investor	Elbow Beach
Investors	Ascension, Cambridge Enterprise, Ventures Together
Founders	Deepanshu Singh, Friederike Nintzel
Sectors	Biotechnology