Amsterdam-based Avantium, a company specialising in sustainable chemistry technologies, announces it has raised a total of €84.8M.
The rights offering raised €65.4M by issuing 12,103,283 new ordinary shares, with total demand reaching 14,010,507 shares, an oversubscription rate of 115.6 per cent.
Of this, 10,536,570 shares were taken up through the rights offering, leading to a participation rate of 87.1 per cent.
Additionally, a supplementary placement generated €19.4M by issuing 3,319,385 new ordinary shares.
The State of the Netherlands allocated €15M worth of shares through an investment via INNL Publiek-Private Product Structurering B.V.
Cornerstone investors VP Capital N.V. and Ambassador Vermogensbeheer B.V. received €4.8M worth of shares, while institutional investors were allocated €4.4 M worth of shares for €8.16 each, which matched the last closing price on 17 September 2025.
This ensures Avantium remains well-capitalised as it progresses towards EBITDA break-even, targeted for 2027.
This equity raise is the cornerstone of a broader, comprehensive funding package.
With its completion, the terms of its Debt Financing Facilities with INVEST-NL, ABN AMRO Bank N.V., ING, ASN Bank, and Rabobank will be significantly improved, further strengthening its financial profile and long-term viability.
Tom van Aken, Chief Executive Officer of Avantium, says, “We are very pleased with this €84.8M equity raise, which exceeded our initial expectations. This outcome reflects the confidence in Avantium’s strategy and the shared commitment to accelerate the transition to sustainable materials and pursue the large market potential of FDCA and PEF. This transaction represents a key milestone within the comprehensive funding package announced on 12 August 2025. Together with other funding initiatives, this equity raise ensures that Avantium is well-capitalised as we move towards group-level EBITDA break-even, targeted for 2027.”
Avantium: Commercialising innovative chemistry technologies
Founded in 2000 by Claude Stoufs, Avantium is a commercial-stage company specialising in renewable and circular polymer materials.
It develops and commercialises technologies to produce materials from sustainable carbon feedstocks, such as biomass and CO2.
It’s leading YXY Technology converts plant-based sugars into FDCA (furandicarboxylic acid), the key component of the sustainable plastic PEF.
The Amsterdam company has demonstrated this technology at its pilot plant in Geleen, Netherlands.
“With MMF production now underway and the final units of our FDCA Flagship Plant progressing through start-up, commercial operations are expected to begin in the first quarter of 2026. That will be the moment when our 100% plant-based and circular material PEF, branded as releaf, starts to reach consumers and becomes a commercial reality. We are entering a transformative new chapter of the Company, defined by innovation, scale, and impact. We are proud to move forward with the continued trust of our shareholders and the enthusiasm of new investors as we build a more sustainable future together,” concludes van Aken.
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