ECBF leads €11.5 million Series-B in naturally produced vitamins from Biosyntia
Summary
The first product to be commer\xadcia\xadli\xadzed is a bio-based biotin (vitamin B7) that can be used in dietary supple\xadments, food and beauty products.Our team is really proud of the reco\xadgni\xadtion this invest\xadment brings. The invest\xadment enab\xadles us to finally offer our custo\xadmers the first and only natu\xadral as well as sustainable alter\xadna\xadtive to the nutri\xadtio\xadnal active ingre\xaddients avail\xadable to them today, says Martin Plam\xadbech, CEO of Biosyn\xadtia, and conti\xadnues: With ECBF joining inves\xadtors Sofin\xadnova Part\xadners and Novo Seeds, we are impro\xadving an already strong inves\xadtor base. Biosyn\xadtia is in a promi\xadsing posi\xadtion to change this, star\xadting with its B vitamin programs, where the company is already a tech\xadno\xadlogy leader, said Jowita Sewer\xadska, invest\xadment direc\xadtor at ECBF.About the Euro\xadpean Circu\xadlar Bioeco\xadnomy Fund (ECBF). The Euro\xadpean Circu\xadlar Bioeco\xadnomy Fund (ECBF) (www.ecbf.vc) invests growth capi\xadtal in ambi\xadtious and visio\xadnary entre\xadpre\xadneurs and encou\xadra\xadges private and public inves\xadtors to support the deve\xadlo\xadp\xadment of late-stage bioeco\xadnomy compa\xadnies. The ECBF, which is based in Bonn and has a total fund volume of EUR 300 million, to which the Euro\xadpean Invest\xadment Bank (EIB) has contri\xadbu\xadted EUR 100 million, will be an important finan\xadcial instru\xadment for achie\xadving the goals of the Euro\xadpean Green Deal, inclu\xadding making Europe climate neutral by 2050.About Biosyn\xadtia Biosyn\xadtia (www.biosyntia.com) is an indus\xadtrial biotech company that deve\xadlops bioba\xadsed manu\xadfac\xadtu\xadring proces\xadses and brings all mission-criti\xad\xadcal capa\xadbi\xadli\xadties in-house from micro\xadbial deve\xadlo\xadp\xadment to fermen\xadta\xadtion opti\xadmiz\xada\xadtion, product puri\xadfi\xadca\xadtion, formu\xadla\xadtion and distri\xadbu\xadtion.