Overview
- AP Ventures and FH One Investments co-led the round, with participation from Talis Capital, CMPC Ventures, H&M Group, Understorey Ventures, and angel investors.
- Rubi reports signing multi-year offtake term sheets worth more than $60 million with leading fashion brands and manufacturers.
- The company says it expanded commercial partnerships from seven to 15 in 2025, including Walmart and Reformation, completed fiber performance testing, and launched new pilots in CPG and aerospace.
- AP Ventures’ Kevin Eggers said the technology has been demonstrated at pilot scale and is now moving toward industrial demonstration and broader scaling.
- Rubi promotes a cell-free, multi-enzyme platform that turns CO2 into materials such as cellulose polymers and claims modular systems with roughly 10x lower CapEx, supported by AI/ML-driven enzyme improvements and new scientific advisors.