We are ÄIO and our mission is to change the way we produce, consume and perceive foods and other products. On the oil drop level. By recognising the full worth of microbial oils, we deliver tailored solutions for industries such as food, feed and cosmetics. We plan to be the largest biotech company in the Baltics, but baby steps... We were officially founded in January 2022. How do we plan to do it? Simple: we use locally available by-products to "brew" fats & oils. By-products such as forestry residues and food industry side streams. Our products are better. Rich in proteins, omega-3s, antioxidants, and pigments - all that by recycling and converting low-value biomass into high-value oil ingredients. Without any dependence on season or climate, or even without using precious arable land. Non-animal, plant-based. Sustainable alternative fats & oils. Point made.
Location: Estonia, Tallinn
Employees: 51-200
Total raised: $7.9M
Founded date: 2022
Investors 1
| Date | Name | Website |
| - | Nordic Foo... | nft.vc |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 30.09.2024 | - | $6.8M | - |
| 10.02.2023 | Seed | $1.1M | - |
Mentions in press and media 12
| Date | Title | Description |
| 30.09.2024 | ÄIO Raises €6.1M in Funding | ÄIO founders 2024 – Nemailla Bonturi and Petri-Jaan Lahtvee in ÄIO pilot lab ÄIO, a Tallinn, Estonia-based biotechnology startup operating in the food industry, raised €6.1M in funding. Beckers included Voima Ventures, 2C Ventures, SmartCap... |
| 27.09.2024 | Estonia's Äio: A Green Revolution in Oil Production | In the heart of Estonia, a quiet revolution is brewing. Äio, a biotechnology startup, is transforming the landscape of oil production. With a recent funding boost of €6.1 million, the company is set to build a demo facility that will turn a... |
| 27.09.2024 | Estonia’s Äio Secures €6.1M for Demo Facility to Turn Sawdust Into Palm Oil & Animal Fat Alternatives | 5 Mins Read Estonian startup Äio has closed a €6.1M ($6.8M) funding round to build a facility for its fermentation-derived alternatives to palm oil and animal fats. Transforming agricultural and woodworking waste into oils to replace planet... |
| 26.09.2024 | ÄIO raises €6.1M to develop sustainable oils from wood and agricultural residue | Biotechnology startup ÄIO has raised €6.1 million through venture capital funds Voima Ventures, 2C Ventures, SmartCap and Nordic Foodtech VC. The funds will help build a demo plant in Estonia to produce environmentally friendly oils and fat... |
| 25.07.2024 | NoPalm Ingredients Secures €5M for Superior Fermented Oils Validated by Industry Giants | NoPalm Ingredients, a Dutch biotechnology company producing yeast-derived oils, has successfully closed a €5 million seed funding round touted as the largest funding ever for an alternative to palm oil in Europe. The round was led by Rubio ... |
| 22.05.2024 | Estonia to Hold First-Ever Public Novel Food Tasting Featuring Innovations by ÄIO & Gelatex | Estonia’s governmental innovation lab, Accelerate Estonia, in collaboration with the novel food startups ÄIO and Gelatex, has announced Estonia’s first public novel food tasting and one of the first public tastings of novel foods across Eur... |
| 19.09.2023 | Estonia's ÄIO pioneers a greener alternative to palm and coconut oil with sawdust | Mounting consumer demand, inflation, and sustainability objectives drive food manufacturers to reevaluate their ingredient choices. Oil is a crucial ingredient in many foods and cosmetics, and now an Estonian startup has found a novel alter... |
| 06.07.2023 | Upcycling: 7 Companies Redirecting Byproducts to Create Waste-Free Ingredients | On a planet with a growing population and limited resources, many companies are redirecting industry byproducts such as sesame, spent brewer’s yeast, barley, oats, and forest industry side streams into a new generation of high-quality plant... |
| 02.06.2023 | Meet the founders: ÄIO looks to upcycled feedstocks to fuel biomanufacturing platform | Used in everything from lipsticks to confectionery and meat alternatives, tropical oils such as palm and coconut come with environmental and societal costs. But can oil-producing microbes snacking on upcycled feedstocks give them a run for ... |
| 29.05.2023 | Latitude59 announces the winners of Pitch Competition 2023 with €1.25M prize fund | Latitude59 announces the winners of Pitch Competition 2023 with €1.25M prize fund 29 May, 2023, 16:22 Mariia Denysiuk --> --> --> -->--> --> --> --> --> --> --> --> --> Estonian fund Tera Ventures a... |
Show more