Investment
MicroLub secures $10M to scale fat-replacement biotech
MicroLub, a spinout from the University of Leeds, has closed a $10 million funding round led by Northern Gritstone. The investor contributed £4 million of the £7 million total raised. Every investor from the company's previous round participated, including NPIF…
BNP Paribas and EIF back AFYREN with €12.5M Venture Debt facility
AFYREN, a French green chemistry company specializing in bio-based organic acids, has secured a €12.5 million venture debt facility provided by BNP Paribas. The financing is supported by the European Investment Fund under the European Union’s InvestEU programme, an initiative…
React Foods raises funding to scale gas protein biomanufacturing
React Foods, a bio-based spinout from Aarhus University, has entered the gas protein space with a biotech platform built on cross-institutional research. The Danish biomanufacturer is commercializing work developed with Stanford University, the University of Tübingen and the Novo Nordisk…
Novonesis invests €600M in India enzyme plant
Biotechnology company Novonesis is investing €600 million ($699 million) in a new enzyme facility in India. The move taps into the country's growing role as a biomanufacturing hub. The Patalganga site, located in Maharashtra, will strengthen Novonesis's biosolutions supply network.…
Biotech startup Nourish Ingredients strikes fat-scaling deal
Canberra-based biotech Nourish Ingredients has struck a partnership to scale up production of its biomanufactured, animal-free fats. The move comes as the startup works to close its latest fundraising round. Nourish Ingredients uses precision fermentation and enzymatic bioprocessing to create…
MOA Foodtech secures €3.3M to scale AI-driven fermentation
Spanish biotech MOA Foodtech has closed a €3.3 million ($3.8 million) funding round. The capital will help scale its AI-powered biomass fermentation platform. The platform grows non-GMO yeast strains. These convert agrifood waste streams into high-value biobased ingredients. The round…