Tech Company Financing Transactions
Elo Life Systems Funding Round
Elo Life Systems, operating out of Durham, secured $24.5 million in investment from ACCELR8, DCVC Bio and Novo Holdings.
Transaction Overview
Company Name
Announced On
2/15/2023
Transaction Type
Venture Equity
Amount
$24,500,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the development of its natural, plant-based sweeteners products by advancing U.S. regulatory approvals, building pilot-scale processing capabilities, and market-testing its sweetener with consumers.
Company Information
Company Status
Private & Independent
Industry
Life Sciences
Mailing Address
3054 East Cornwallis Rd
Durham, NC 27709
USA
Durham, NC 27709
USA
Phone
Website
Email Address
Overview
Elo Life Systems is reimagining the future of food -- focusing on ingredients that empower consumers to feel good about the food they eat every day. From unique plant-based sweeteners to saving crops like the banana from extinction,
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Todd Rands
Chief Operating Officer
Paul Boyer
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