Fasal Bio has secured €7 million in growth equity from BlackPeak Capital, marking the Bulgarian firm's first investment in Croatia. This funding will be used to expand production capacity, bolster commercial and R&D functions, and hire new employees in Zagreb. The company, which develops a proprietary renewable material platform called Naturion, currently sees demand exceeding its production capacity and supplies international brands in the US and Western Europe.
Amount: $7.0M
