Key Points of the Deal
- ICOS Capital has invested in Dutch biotech Mevaldi B.V., alongside High-Tech Gründerfonds (HTGF) and ICIG Ventures.
- Mevaldi is scaling bio-based chemical building blocks for sustainable polymers and polyurethanes; financial terms were not disclosed.
- The funding is intended to accelerate industrial scale-up and commercial roll-out.
- Mevaldi’s lead product, 3MPD, is derived from sugars and wood residues via a patented bio-thermochemical process, with the stated aim of combining high performance, low environmental impact, and competitive pricing within a Europe-based production chain.
Details of the Investment
Mevaldi B.V., based in the Netherlands, announced (13 January 2026) that it has secured an investment led by ICOS Capital, with participation from HTGF and ICIG Ventures. The company positions itself as a pioneer in bio-based building blocks for sustainable polymers, polyesters and polyurethanes, and says the financing will add resources to accelerate its move from development to industrial production and market deployment.
Since 2020, Mevaldi has been developing 3MPD, described as an innovative building block made from sugars and wood residues using a patented bio-thermochemical process. The company says it is targeting cost-effective, scalable production, with its production chain located within Europe.
ICOS Capital said it was attracted by Mevaldi’s “CAPEX light” scale-up trajectory and a route to multiple markets, pointing to a consortium of industrial partners with existing chemical production facilities where Mevaldi’s building blocks can be produced at an attractive cost.
Mevaldi’s CEO said the new investor adds an “industrial mindset” and sector backing, and that the company intends to rapidly scale and commercialise several bio-based building blocks.
Some Stats On the Investors
- ICIG: privately owned industrial group with >€4.6bn turnover, >7,150 employees, and >50 production sites across Europe, the US and India.
- HTGF: funded 800+ startups since 2005, with ~200 exits; >€2bn fund volume.
- ICOS: climate tech VC active for almost 20 years
→ Dive deeper into some of the successes and failures of Materials Investments in 2025, explore Tocco Report: INVEST IN FUTURE MATERIALS 2025 EDITION
