Foamlab raises 3m EUR growth capital to build pilot plant and scale bio-based foams
Foamlab B.V., a spin-off from Delft University of Technology, has raised a funding round from a consortium of ICOS Capital, Value Factory Ventures, DOEN Ventures, Capricorn Industrial Biotech Fund, and TTT Green Tech Fund managed by SHIFT Invest. The investment enables the company to build a pilot plant, scale production and accelerate the commercial rollout of its bio-based foam materials.
Originating from cutting-edge research from the Faculty of Industrial Design Engineering of Delft University of Technology, Foamlab develops a new class of sustainable foams made from bacterial cellulose, a natural and renewable material grown through fermentation. Each year, millions of tonnes of fossil-based plastic foams are used in packaging, textiles, furniture, and construction- materials that generate persistent waste and are nearly impossible to recycle. Foamlab’s bacterial cellulose-based foams offer a circular alternative by design: bio-based, compostable, and tunable in their properties. From soft, textile-like foams to rigid, structural solutions, Foamlab enables high-performance applications with minimal environmental impact. By collaborating with forward-thinking partners, Foamlab accelerates the transition to a regenerative, bio-based materials economy.
The round is led by ICOS Capital, an investor focused on accelerating the transition to a sustainable and circular economy by backing scalable deeptech solutions with clear market traction. Value Factory Ventures, DOEN Ventures, Capricorn Industrial Biotech Fund, and TTT Green Tech join as co-investors.