Novaleum, the French start-up turning fatty waste into biomass and biofuel, raises €1m with seasoned Business Angels

Inspirit Partners acted a exclusive advisor to Novaleum for its fundraising round.

Company
Novaleum
Transaction
Sector
Activity
Date
Country
France

Novaleum has developed a process that separates fatty sanitation waste into three fractions: solid, oil, and water.

A technology to turn fatty waste into biofuels: this breakthrough technology, protected by two patents, makes it possible to recover material to produce biogas, oil for manufacturing biofuels, and recycled water for industrial use.

Novaleum is setting its sights on a huge market, targeting wastewater treatment plants, food processing companies, collective catering, and hydro-excavation firms. 

Every year in France, one million tonnes of fat are incinerated while oil is imported from Asia. Novaleum's recovery solution provides an economic and ecological response.