In New York, Sourcing Journal reported that Octarine Bio raised $4.6 million in an oversubscribed funding round that help the Danish synthetic biology firm scale its flagship products. The round was led by Óskare Capital, Unconventional Ventures, and The Footprint Firm, with participation from dsm-firmenich Venturing.
The Copenhagen-based company’s microbially fermented colors offer sustainable alternatives to petroleum-based synthetic dyes, which are produced at extremely high temperatures and release toxic chemicals into the environment, said Octarine.
This funding round will help Octarine to scale and optimize its color solution in preparation for commercialization.
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Tags: dyes, microbially fermented colors, Octarine Bio, synthetic biology
Category: Fuels
