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Hot Topic Scrutiny Week
Tech & Innovation
3 mins to read

Cleantech company Nilo raises $13m in Series A round

The round was led by existing investor Inter Ikea and deep tech VC firm Pacific Channel.

Nilo's adhesive is a drop-in replacement for urea formaldehyde.

Auckland-based cleantech company Nilo, which is pioneering the conversion of plastic waste into wood fibreboard adhesives, has raised $13 million in a Series A round.

The investment was led by Inter Ikea and deep tech venture capital firm Pacific Channel, and included a couple of high-net-worth

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Fiona Rotherham Wed, 04 Dec 2024
Contact the Writer: fiona@nbr.co.nz
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Cleantech company Nilo raises $13m in Series A round
Tech & Innovation,
107040
true