Phytolon Closes $14.5M Series A Funding Round
Summary
The company intends to use the funds to accelerate the commercialization of its proprietary palette of sustainable food colors. The technology has already reached a semi-industrial production scale and the company has prepared the ground for regulatory clearances in the USA and Europe. Phytolon’s technology has already reached a semi-industrial production scale and the company has prepared the ground for regulatory clearances in the USA and Europe. Dr. Halim Jubran, Co-founder and CEO of Phytolon, said: “The investments of DSM Venturing, Cibus Fund, and Ginkgo Bioworks open the door for broad penetration of our products in the global food industry. We are excited to have new investors who share our vision to create healthy, efficient, and sustainable food systems via biotechnology.”