Augment acted as advisor to Biosorbe AB on its recent equity financing that will be used for the commercialisation of GreenAll. The financing round was led by Jula Holding.
Biosorbe is a biofiber tech company that develops methods and products based on modified natural fibers that mimic and enhance the functionality of known fossil oil-based products and materials. The first patent applied method and product, GreenAll, has a unique hydrophobic characteristic and active absorption of non-polar compounds for many applications such as absorption/filtration of air or fluids. GreenAll can be applied to all kind of natural fibers such as wood, cellulose, or cotton.
GreenAll is a more environmentally friendly way compared to traditional methods used to clean the environment from spill and contamination.