Tech Company Financing Transactions
BioVeritas Funding Round
BioVeritas, operating out of Bryan, raised $65 million from Ara Partners.
Transaction Overview
Company Name
Announced On
10/27/2022
Transaction Type
Venture Equity
Amount
$65,000,000
Round
Undisclosed
Investors
Ara Partners (Lead Investor) (Cory Sleffek)
Proceeds Purpose
The funds will be used to upgrade its facility to deliver large-scale samples to potential customers in the first quarter of 2023.This funding will help BioVeritas reach the milestones it needs -- and show manufacturers the performance of its ingredients -- to make that a reality.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
6150 Mumford Rd
Bryan, TX 77807
USA
Bryan, TX 77807
USA
Phone
Undisclosed
Website
Email Address
Overview
BioVeritas upcycles excess biomass into clean-label ingredients through a process approved by Mother Nature.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Austgen
Chief Technical Officer
Cesar Granda
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We do our best to report on all VC transactions involving tech companies. VC investment data records reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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