Tech Company Financing Transactions
C16 Biosciences Funding Round
Breakthrough Energy Ventures, AME Cloud Ventures and Data Collective joined a $20 million Series A venture round for C16 Biosciences. The round closed on 3/4/2020.
Transaction Overview
Company Name
Announced On
3/4/2020
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Series A
Investors
Breakthrough Energy Ventures (Lead Investor) (Carmichael Roberts)
Proceeds Purpose
With this latest investment round the company plans to continue scaling its technology, lay the groundwork for a commercial launch and recruit additional talent across the company in metabolic engineering, fermentation and product development.
Company Information
Company Status
Private & Independent
Industry
Consumer
Mailing Address
444 Somerville Ave.
New York, NY 10014
USA
New York, NY 10014
USA
Phone
Website
Email Address
Not Recorded
Overview
C16 Biosciences uses innovative processes found in nature to brew sustainable alternatives to palm oil. Palm oil is everywhere: it's in our food, clothes, shampoo, and even the fuel that powers our cars. C16 was founded with the objective of creating a sustainable, environmentally friendly alternative to conflict palm oil.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Shara Ticku
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