Withers assists Arsenale Bioyards in €10 million capital increase

International law firm Withers has assisted Arsenale Bioyards, a company that is redefining bio-manufacturing on an industrial scale, in closing its first €10 million seed investment round involving CDP Venture Capital SGR (Green Tech Transition Fund) and international investors including Planet A Ventures, byFounders, Grey Silo Ventures, Acequia Capital and Plug and Play Europe.

The Withers team advised Arsenale on corporate and venture capital matters with Partner Sergio Anania and Associate Federico Zindato; in IP matters with Partner Jacopo Liguori, Senior Trademark Attorney Tommaso La Scala and Associate Valentina Pinna; on tax issues with Partner Filippo Molinari and for support on US law aspects with Associate Fiona Giordani. 

The transaction supports Arsenale mission, which is to develop a platform that integrates advanced hardware, Artificial Intelligence software and a modular infrastructure to facilitate a transformative shift towards regenerative and circular production models. This platform bridges the gap between lab-scale research and industrial production, enabling industries such as food, chemicals, and materials to continuously develop and scale bio-based alternatives to petrochemicals and animal-derived products.

Massimo Portincaso, CEO and co-founder of Arsenale Bioyards, says: "Arsenale is not only imagining the bioeconomy of the future, but is building it today, with operational structures and proprietary technology. This is the beginning of a challenging path, which has required transversal skills, from technological innovation to the definition of strategic lines. In this process, the constant support of Withers' venture capital team has been fundamental, accompanying and assisting us in the strategic moments of our development".

The goal is to make the process of laboratory experimentation and industrial production more economically sustainable with a strong impact on costs that will be reduced by up to 90% and at the same time shortening the time for the adoption of sustainable products on an industrial scale.