investment

Cleantech company Microgen targets new €4.8m raise

IT Carlow spin-off has developed microbiome technology that blocks the uptake of heavy metals by crops on land that has been contaminated

Xuemei Germaine co-founder of Microgen Biotech: firm’s technology works directly on the soil to break down toxic pollutants

Microgen Biotech, a firm that develops solutions to clean contaminated soil and water, is in the process of raising €4.8 million in a new funding round.

It would bring the amount raised by the company to date to over €12 million following a $5.1 million (€4.8 million) investment in April 2020.

Founded as a spin-out from IT Carlow by Xuemei Germaine and David Ryan, Microgen has developed microbiome technology that blocks the uptake of heavy ...