Tech Company Financing Transactions
C16 Biosciences Funding Round
C16 Biosciences, based in New York, raised $4.5 million in funding from Bill & Melinda Gates Foundation and Elemental Excelerator.
Transaction Overview
Company Name
Announced On
1/26/2024
Transaction Type
Debt
Amount
$4,500,000
Round
Undisclosed
Proceeds Purpose
The company intends to use the funds to expand its platform by working with non-agriculturally derived feedstocks to produce food-grade oils and fats.
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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