"Swedish Tech News reported that Lund-based Cyclicor, developers of bio-based polymers using a novel green technology, has recently closed a € 300.000 (SEK 3.2 million) round. The money was raised from existing shareholders mainly, which include I Love Lund and LU Ventures. The company also reports that they reached a commercial milestone recently, reaching their planned revenue target for 2025 of over € 100.000 in October already."
"Cyclicor is a deeptech material science company offering bio-based and sustainable polymer material solutions for the furniture, construction, automotive and electronics industry. Their production process and the final polymer are completely free from hazardous chemicals. The company reports the current available funds, increased revenues in 2025 with expected further growth in 2026 will fuel the upscaling and partnership development of their NIPU technology until the end of 2026."
""At Cyclicor we want to revolutionize a 75 bEUR market by offering high performance, truly biobased polyurethane solutions with improved occupational health over today's systems," said Bo Häggman, CEO"
Cyclicor closed a €300,000 (SEK 3.2 million) funding round primarily from existing shareholders including I Love Lund and LU Ventures. Cyclicor reached its planned 2025 revenue target of over €100,000 in October, achieving an early commercial milestone. Cyclicor develops bio-based, sustainable polymer materials for the furniture, construction, automotive and electronics industries using a novel green production technology. The production process and the final polymer are completely free from hazardous chemicals, offering improved occupational health compared with current systems. Available funds and increased 2025 revenues, with expected further growth in 2026, will finance upscaling and partnership development of NIPU technology through the end of 2026 while discussions with European partners continue and a new private placement is expected early Q1 2026.
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