Biotech food colorant startup Phytolon closes $14.5 million Series A funding round, led by DSM Venturing

摘要

Phytolon, a developer of fermentation-based natural food colours, has secured $14.5 million in funding, led by DSM Venturing, to further progress its technology towards commercialization, with participation from Cibus Fund, Cinkgo Bioworks (in-kind investment in the form of Foundry services) and The Trendlines Agrifood Fund. Participation in this Series A also includes some of Phytolon's current shareholders: The Trendlines Croup (the largest shareholder in the company), Arkin Holdings, Millennium Foodtech, Agriline (administered by Consensus Business Croup), Stem Tech, and OpenValleyAossi Ackerman. Phytolon's proprietary technology is based on licensed technology from the Weizmann Institute of Science (Israel) and addresses the need for healthy, efficient, and sustainable natural food-colouring alternatives to azo/synthetic dyes used in food and beverages.