Sofinnova Partners, a European venture capital firm in life sciences, specializing in healthcare and sustainability, led a €15m Series A in GFBiochemicals, a sustainable chemical company, with participation from Sparta Capital. "GFBiochemicals is tackling one of the planet's most pressing and yet unrecognised challenges: how we make chemicals sustainable and non-harmful. Too many of our products are made with non-biodegradable, toxic chemicals, which cause environmental damage and affect people in their everyday life. Today's most successful and sustainable companies across all industries provide solutions which not only protect the environment but also deliver the best product. We believe you cannot compromise on the planet and you should not compromise on performance. We hope to inspire and support others to accelerate their transition to green chemistry," Mathieu Flamini, GFBiochemicals CEO.