Octarine Bio ApS

Egen beskrivelse på virk.dk

Octarine was founded in 2018 and the company has developed a range of natural dyes branded as PurePalette in hard-to-source colors with a significantly reduced environmental footprint. Using an innovative dyeing process, these dyes can be used in a number of industries, ranging from textile, fashion, plastics, printing, coating, and potentially food and beverage. Our goal in working with partners is to establish joint development agreements. Octarine will scale pigment production, the partners will optimize and scale the dyeing process with the aim to reach commercialization. In 2025, we have successfully secured strategic partnerships and supply agreements with prominent Portuguese textile firms Impetus Group, Acatel Acabamentos Têxteis S.A., and Positive Materials. These collaborations aim to fast-track the industrial validation and deployment of PurePalette. On the technical side, development of our dyes is progressing on schedule. Several dyes are advancing to the scale-up phase, while others are in the final stages of process development. In 2025, we also closed a Series A Financing round of EUR 12.8 million from both existing and new investors. Furthermore, we secured a grant of EUR 600.000 under the MUDP (Ministry of Environmental Affairs) programme together with partners in the fashion and dyeing industry.