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This week, we have a lot of exciting funding news.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Hi ,

This week, we have a lot of exciting funding news. Food tech companies like Hoxton Farms and Nourish Ingredients are making plant-based foods more flavorful by adding fat to the recipe. Bolt Threads is partnering with Ginkgo to improve the efficiency of mycelium-based leather production and Prime Medicine has a successful IPO debut.

SynBioBeta is only 7 months away and we are continuing to grow the lineup of amazing speakers - check them out and make sure to REGISTER before Monday as our October early bird ends at midnight on Halloween!

Funding News
  • Last Thursday was a good opening day for Prime Medicine, a gene editing company founded by Harvard biochemist David Liu that has raised $175 million in its IPO. The shares started trading nearly 12% above the IPO price, reaching a valuation of about $1.8 billion on their first day on the Nasdaq.

David Liu and I hanging out at the Life Itself Conference in San Diego over the summer.

  • Hoxton Farms gets a fat check: The London-based company raised $22 million to build a pilot plant producing animal fat from stem cells. The company aims to improve the taste of plant-based products as the trend for less carbon-intensive foods continues to grow. Max Jamilly joined us for the SynBioBeta European Thought Leader Retreat in London in July, congratulations to him and the team!

Founders Max Jamilly and Ed Steele of Hoxton Farms. Image via Reuters.

  • Another food tech company going after flavor, Nourish Ingredients, just secured $28.6 million in Series A funding to produce animal-free fats using synthetic biology. The Australian startup expects to debut their first ingredient in alternative protein product lines and specialty foods in 2023.
  • Bolt Threads is partnering with Ginkgo Bioworks for a multi-project collaboration that includes optimizing the production efficiency of Mylo™ – a sustainable, low-footptint leather alternative made from mycelium – to make it more affordable for consumers and brands alike. Companies like adidas, Stella McCartney, GANNI, and lululemon are already featuring products made with Mylo.
  • Last week, I went to a wonderful event hosted by Lindy Fishburne and the team at Breakout Ventures, and I met Alexander Schubert, Co-Founder and Partner of SciFounders, a mentorship program for idea-stage founders with a $400,000 investment. You can meet Alexander and Lindy at SynBioBeta next year, click here to learn more.

SynBioBeta 2023 speakers:

You may have heard their names, but even if you have not, you will definitely want to hear what our speakers have to say at SynBioBeta 2023. These experts are working at the intersection of technology, entrepreneurship, policy, and security to create the future of biotechnology. Get the inside scoop on where the biggest opportunities are – get your ticket TODAY!

  • Michelle Holko, Principal Architect, Healthcare and Life Sciences at Google Cloud, is a scientist and strategic innovator working at the intersection of biology, technology, and security.

  • Daniel Grushkin is founder and executive director of Biodesign Challenge, an international competition and education program that partners designers, scientists, and students to create the future of biotechnology.

  • Amicia Elliott is a Product Manager at Form Bio, a company that empowers scientists to harness the data, computing power and collaboration that drive how today's breakthroughs are made.

  • Kevin Lustig is the Founder/CEO of Scientist.com, an AI-powered marketplace that empowers and connects scientists worldwide.

SynBioBeta 2023 sponsors:

Thank you to our latest sponsors:

  • RTA Consulting, an expert in recruiting on-demand for companies on the cutting edge of synthetic biology and biomanufacturing.

  • Checkerspot, a high performance materials company that designs materials at a molecular level.

  • Latch Bio, a company on a mission to build and disseminate the data infrastructure for the biocomputing revolution.

If you’d like to join them as an event sponsor then please drop Anissa Cooke a note.

I’m hoping that all your DNA dreams come true this week!

Download the application note to learn how Inscripta’s Onyx® Digital Genome Engineering Platform can be used for rapid strain engineering to improve heterologous protein production.

Lab news
  • Lack of lab space is stalling UK biotech, founders say. "If the UK wants to hang on to its companies and give them an ecosystem in which to scale and grow, we need the space for them. It’s really important," says Jacob Nathan, CEO of Epoch Biodesign.
  • How to solve bioscience’s software problem: Guy Levy-Yurista, CEO of the experiment platform developer Synthace, gives his take on what’s missing in increasingly software-dependent life sciences labs: a holistic mindset for improving experimental methods.

Environment news

Consumer products news
  • Amyris launches two new consumer brands: Stripes™, a (peri)menopausal wellness brand founded in partnership with actress, entrepreneur and activist, Naomi Watts, and EcoFabulous™, a beauty brand designed for Gen-Z consumers, offering high performing color cosmetics and skin-care products. Amyris and World Wildlife Fund also announced a  partnership to protect biodiversity.
  • Calyxt announced that by using a Calyxt-engineered Plant Cell Matrix™ biomass, it has successfully produced squalene, an important ingredient in many personal care products and vaccine adjuvants, including several strands of flu and COVID-19 vaccines.

Health news

Who's hiring?

Regards,
John

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John Cumbers
Founder, SynBioBeta

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