Agtech Funding Sheet: AnelloTech Raises $1.5m, ZymoChem Raises Seed Round, more

October 13, 2016

ZymoChem, a company that develops microbes and bioprocesses for eco-friendly chemicals from renewable sources like sugar, closed a $350,000 seed round. Early-stage food, science, biomed, and clean energy investor Breakout Labs was the sole investor in the round

AnelloTech, a renewable chemicals and non-food biomass company, closed a $1.5 million venture round from an undisclosed new investor. The New York-based company has already received investment from a number of sources, including international technology provider Axens and Toyota Tsusho, Toyota’s trading arm. The company’s technology currently focuses on creating aromatics from non-food biomass sources.

Beyond Meat, a company developing plant-based meat alternatives, raised an undisclosed Series F round with Tyson Foods and Humane Society of the US. To read more about the funding and why Tyson Foods got on board, check out our recent story here.

Zymergen, a biotech startup developing genetically engineered microbes, closed a $130 million Series B in a round led by Softbank, a Japanese multinational telecom and internet corporation. The company uses robots to craft the microbes, with an eye toward mass production of a wide variety of materials. The new funding will be used to expand the operation through new hires and strategic partnerships. Find out more about the investor line-up and business on AFN here.

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