Arkeon, a Company Turning Carbon Dioxide Into Protein, Files for Insolvency – vegconomist

Arkeon, an Austrian startup using fermentation to turn carbon dioxide into high-quality amino acids, has formally filed for insolvency. Co-founder and CEO Gregor Tegl made the announcement on LinkedIn, but did not reveal why the startup had run into difficulties. He thanked Arkeon’s team members, advisors, investors, partners, and supporters for their dedication to the…

Warburg Pincus-Backed Solar Mosaic Plans Bankruptcy Filing

(Bloomberg) — Solar Mosaic LLC, a provider of home solar loans that has private equity firm Warburg Pincus as a major backer, is planning to file for bankruptcy in the face of market uncertainty over federal support of clean energy, according to people familiar with the matter.  The Oakland, California-based company recently stopped issuing loans…

Builder.ai files for bankruptcy follo…

UK-based AI startup Builder.ai reportedly filed for bankruptcy in a Delaware court on 2 June after creditors seized the majority of the company’s funds. According to Bloomberg, filings revealed the start-up had overstated its 2024 sales projections by 300 per cent, leading to the cash seizure. Among the list of creditors published by the company…