Read the full story at GreenBiz.
A pool of money — $9 billion over five years — was set aside for detection and cleanup as part of the Bipartisan Infrastructure Law enacted in November 2021. But that’s just a drop in the bucket for what could be spent in the coming years by communities and corporations as part of a fast-growing market for PFAS remediation solutions.
One startup angling for a portion of that revenue is Boston-based synthetic biology company Allonnia, which extended its Series A round by $30 million in mid-July. The infusion was led by Bison Ventures and a group of investors affiliated with the mining sector, such as Valen Ventures and BHP Ventures.
Allonnia is developing biological organisms for breaking down waste and eradicating the bad stuff — everything from mine tailings to plastics to groundwater and soil contaminants such as PFAS.
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