Investment
Kemin Industries acquires Archangel to enhance US biofuel portfolio
Kemin Industries, a global manufacturer of ingredients, has acquired Archangel Inc., a company specializing in antimicrobial solutions for fermentative biofuel production. Archangel was founded in 2015 by Allen Ziegler, who has over 30 years of experience in the biofuels sector.…
Foray Bioscience lands $3M in seed funding to drive innovation in biomanufacturing
Foray Bioscience, a startup focused on developing plant-based products without the need for actual plants, has secured $3 million in seed funding. The investment, led by ReGen Ventures, brings the company's total funding to $3.875 million. The funds will be…
Neustark secures $69M to scale up carbon removal technology
Neustark, a Switzerland-based company, has secured $69 million in funding to accelerate its growth in the carbon dioxide removal (CDR) market. The investment round was led by Decarbonization Partners, a partnership between BlackRock and Temasek, and will support Neustark's goal…
Minnesota secures $200 M for new sustainable biomanufacturing facility
Minnesota Governor Tim Walz announced that the state has secured $200 million in funding to finance a new 500,000-square-foot sustainable biomanufacturing facility in Marshall. The facility, owned by climate technology company Solugen, will produce organic acids typically derived from oil,…
Prolific Machines lands $86.5M to revolutionize biotech with light-controlled cells
Prolific Machines, a biotech company, has raised $86.5 million in funding to develop a platform that uses light to control cells and grow biological products. The company aims to create a more efficient and sustainable way to produce everyday products,…
Floreon lands $319 M to upscale bioplastic tech
The Centre for Process Innovation (CPI), a UK-based technology and sustainable materials accelerator, has invested £250 million ($319 M) in Floreon, a bioplastics developer spun out from the University of Sheffield. Floreon produces proprietary compounds made from plant-based materials, including…