Cleantech startup Penrhos Bio has raised £1 million in funding with the support of St Andrews-based investment firm Eos Advisory.

The investment boost will accelerate the commercialisation of the firm’s pioneering anti-biofilm technology, RemoraTM.

Developed in collaboration with Unilever, RemoraTM protects surfaces against bacteria, fungi, and algae. The company says the technology provides a real and sustainable alternative to disinfectants and antimicrobial agents in domestic and industrial settings.

Commenting on the investment, Penrhos Bio CEO Professor Richard Hammond said: “Our story is one inspired by nature, with sustainability and the environment front and centre of everything we do.

“With the support of Eos and a number of private investors, we continue to build the business, grow our team with key hires, further our commercial partnerships, and navigate the regulatory environment ahead of commercialisation.”

Founded in 2019, Penrhos Bio is already working with multiple corporate partners spanning agritech, marine, renewables and healthcare ahead of its first phase of commercialisation.

The next twelve to eighteen months will see Penrhos move through the necessary regulatory approval processes alongside its commercial partners.

The company says it also plans to embark on a Series A fundraise from Q4 2023.

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Dr Jon Hague, Chair at Penrhos Bio, and VP for Science and Technology at Unilever said: “Penrhos Bio is positioned to tackle some of the biggest societal and environmental challenges of the 21st century, with a unique technology which is near limitless in its applications, set to revolutionise a number of global industries.”

Andrew Durkie, Partner at Eos Advisory, added: “Richard and his team are on the verge of commercialising a game-changing technology capable of transforming efficiencies and sustainability across a range of sectors.

“It is precisely the kind of impact investment Eos was set up to support, and we look forward to supporting Penrhos’s progress over the coming months and years.”

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