Vienna-based startup Elio, which aids pharma teams in integrating sustainability into product design and manufacturing, has raised $2 million in a pre-seed funding round led by Ananda Impact Ventures to introduce eco-design into pharma manufacturing.
- Launched in 2021 by Kamil Mroczek and Kami Krista, Elio develops an AI-powered eco-design software platform that helps pharmaceutical teams integrate sustainability into the early stages of product design and manufacturing.
- The firm uses AI to evaluate sustainable options for materials, packaging, and processes, enabling faster, more informed decisions that reduce environmental impact before production begins.
- The startup is collaborating with innovators like pharma CDMO ten23 health, Cytiva, My Green Lab, Magnus Blomberg, and others to develop eco-design solutions that promote sustainable manufacturing across the value chain.
Details of the deal
- The pre-seed round was led by Ananda Impact Ventures, a Munich-based venture capital firm managing €200 million across four Core Impact Funds. The round also received support from Overview, Cerulean Ventures, We\R, RHEINEST/N & V Capital.
"We’re excited to announce our investment in Elio, an AI Co-pilot for sustainable process design, to make sustainability a central focus of process design in manufacturing," Ananda Impact Ventures, commented on LinkedIn.
- Additionally, notable business angels including Stefan Oschmann, Andreas Treichl, Dr. Patrick Nathen, Maex Ament, and Philip Stehlik also participated in the round.
- The startup will use the $2 million in funding to refine its AI-powered platform, enhance sustainable design in pharma manufacturing, and expand collaborations with key industry partners to drive eco-design solutions.
"This journey is about much more than software. It’s about reshaping an entire industry and its supply chains from the ground up. We’re here to disrupt — not just the present but a future that grows more urgent by the day. In that future, sustainability is resilience," Elio's team, commented on LinkedIn.
