Allonnia Announces Evok as Strategic Investor
March 17, 2021
We are pleased to announce our latest investment in Allonnia LLC, a bioremediation company. As a part of the transaction, Allonnia will acquire the assets of Evok portfolio company Metabolik Technologies, whose work has pushed the technological boundaries in the bioremediation field by developing efficient and scalable bioremediation technologies which enable microbes to degrade hard-to-treat compounds in the environment.
“Partnering with Allonnia will allow us to build on the great work of Metabolik and others in the space to raise biological innovations in waste remediation to new heights,” said Evok CEO, Marty Reed. “There is a significant opportunity to change the trajectory of waste management and we’re proud to support this mission toward realizing a cleaner future.”