August 17, 2022

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Biotech Food Colorant Startup Phytolon Closes $14.5 Million

YOKNEAM ILLIT, Israel , July 7, 2022 /PRNewswire/ — Phytolon, a developer of fermentation-centered all-natural meals hues, introduced these days it has secured $14.5 million in funding, led by DSM Venturing, to additional progress its know-how to commercialization, with participation from Cibus Fund, Ginkgo Bioworks (in-kind expenditure in the form of Foundry providers) and The Trendlines Agrifood Fund. Participation in this Collection A also includes some of Phytolon’s current shareholders: The Trendlines Team (the most significant shareholder in the corporation), Arkin Holdings, Millennium Foodtech, Agriline (administered by Consensus Company Team), Stern Tech, and OpenValley/Yossi Ackerman.

Phytolon Team

Phytolon’s proprietary engineering is primarily based on accredited technologies from the Weizmann Institute of Science (Israel) and addresses the need for healthy, economical, and sustainable normal meals-coloring options to azo/synthetic dyes employed in food stuff and beverages.

Current all-natural meals shades are agriculture-dependent and primarily derived from fruit and greens. Phytolon leverages a novel technologies to create betalain pigments by fermentation of baker’s yeast. Phytolon delivers a extensive range of natural shades from yellow to purple, at competitive coloring general performance and price-in-use, for several foodstuff classes like substitute meat, dairy, frozen items, baked products, confectionery, and snacks.

Phytolon’s technological know-how has previously reached a semi-industrial creation scale and the enterprise has prepared the ground for regulatory clearances in the United states of america and Europe.

Dr. Halim Jubran, Co-founder and CEO of Phytolon, reported: “The investments of DSM Venturing, Cibus Fund, and Ginkgo Bioworks open up the door for broad penetration of our solutions in the world-wide foodstuff industry.  We are fired up to have new investors who share our eyesight to produce healthful, effective, and sustainable foodstuff methods by way of biotechnology.”

Phytolon’s Board of Administrators is chaired by Steve Dubin, who played a pivotal part in directing Phytolon as a result of this financing spherical.  Mr. Dubin has labored with various biotechnology/diet firms which include as CEO of Martek Biosciences (acquired by DSM in 2011), as Chairman of Enzymotec, and as Senior Advisor to DSM (right until 2012). Commenting on the transaction, Mr. Dubin added: “I believe this investment decision round and DSM’s participation in Phytolon will speed up the commercialization of Phytolon’s proprietary palette of sustainable foodstuff colors that will deliver significant rewards to both equally foods producers and customers.”

About Phytolon:
Phytolon is an Israel-primarily based biotechnology startup firm that is getting foodstuff coloring to the following stage by leveraging a novel technologies to deliver natural pigments by using precision fermentation of yeast. Phytolon is supported by companions these as The Trendlines Team (SGX: 42T) (OTCQX: TRNLY), DSM Venturing, Cibus Fund, Ginkgo Bioworks, Millennium Foodtech, The Trendlines Agrifood Fund, EIT-Foods , Agriline (administered by Consensus Business enterprise Team), Arkin Holdings, Yossi Ackerman, and some others.  For much more details, visit www.phytolon.com

About DSM Venturing:
DSM Venturing is the company venture arm of Royal DSM –a worldwide, reason-led company in Well being, Diet & Bioscience, making use of science to improve the health of persons, animals, and the earth. DSM’s function is to build brighter lives for all. DSM’s solutions and remedies tackle some of the world’s greatest problems though simultaneously generating economic, environmental, and societal worth for all its stakeholders – clients, workers, shareholders, and modern society at substantial. The corporation was founded in 1902 and is stated on Euronext Amsterdam.

PHYTOLON MEDIA Get in touch with:
[email protected] / [email protected]

Photo – https://mma.prnewswire.com/media/1854428/Phytolon_Crew.jpg

Cision

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Source Phytolon