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Ganni’s bio-based inks and pigments supplier has new funding to put big ideas into action.
Berthoud, Co.-based Living Ink announced the closing of a $3 million priced funding round with investors. The cash injection will be used to scale the materials company’s environmentally sustainable solutions across diverse industries and accelerate the development and integration of alternative feedstocks.
Meliorate Partners, Evergreen Climate Innovations, Savia Ventures, Fashion For Good and Norfolk Green Ventures are among the investors.
Living Ink specializes in transforming biomass waste into renewable, carbon-negative colorants. The company’s flagship product, Algae Black pigment, offers a sustainable, drop-in alternative to fossil fuel-derived carbon black. After years of developing its idea, intellectual property, and product, Scott Fulbright, Living Ink Technologies CEO and co-founder, said the company is now focused on driving down costs and demonstrating market impact.
This funding will enable Living Ink to scale Algae Black and will support the company’s strategic expansion into new starting biomass feedstocks within their current process. Living Ink plans to integrate diverse biomass waste inputs from sectors including food and beverage, precision fermentation, anaerobic digestion and algae cultivation and disposal.
Additionally, it will use the new investment to fund the construction of an on-site pilot production facility designed for future deployment at targeted bio-waste production sites across North America. By processing waste feedstocks on-site, the company said it will significantly reduce costs, offering brands and manufacturers a more affordable path to adopt algae pigments throughout their supply chains.
The company added that this development stage will pave the way for global biomass sourcing and will promote local production facilities with biomass suppliers, further minimizing shipping and production expenses and emissions.
“Living Ink is revolutionizing sustainable materials with its groundbreaking algae-based ink technology. Their commitment to innovation and eco-friendly solutions aligns perfectly with our vision for investing in companies that will shape the future,” John Soukas, CEO and co-founder at Norfolk Green Ventures.
Algae Black formulations are already used in commercial color applications. Ink is used for packaging, apparel, footwear, fabric dyeing, plastics, paints, coatings, and rubbers. Global brands like Patagonia, Nike, Coach, New Balance, Kathmandu and O’Neill have launched industrial-scale products made with the pigment.
Living Ink was recently accepted into Cohort 6 of the 100+ Accelerator led by ABinBev and other global partners Coca-Cola, Danone, Colgate-Palmolive, and Unilever. Through the accelerator, Living Ink is collaborating with AB InBev to transform the company’s waste biomass into Algae Black pigments.
In 2023, Living Ink secured $3.5 million to scale the flagship product. It also participated in Fashion for Good‘s Black Pigment Pilot to validate and scale black pigments derived from waste feedstocks such as industrial carbon, algae and wood.
