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Boulder, Colorado based synthetic biology company, DMC Biotechnologies completed a $10.3M Series A funding round led by Sofinnova Partners. Additional investors include Capricorn Venture Partners and Breakthrough Energy Ventures. http://cellbased.link/17m

Background: DMC uses cellular fermentation to produce a wide range of specialty chemicals, flavors, fragrances, and nutraceuticals.

🍋🍊Why We Care: DMC claims a faster and less capital intensive process for the development and scalability of desired products (comparing themselves to other companies in the space: Ginkgo Bioworks and Amyris). DMC is currently building out a robust product pipeline that includes amino acids and terpenoids, such as limonene, a byproduct of orange peels that is commonly used in natural cleaning products for the citrus scent (an estimated $500M/year market). http://cellbased.link/1ks

Advancements

🍦Last week we told you about how cell based milk company, Perfect Day Foods launched their first direct to consumer product: ice cream!

An Update: the $20 pints sold out in hours (there were only 1000 units available). http://cellbased.link/d4x

🙌 Yuki Hanyu, co-founder and CEO of Japan based cell based meat company, Integriculture told Kyodo News, the company has set a goal of selling “cultured foie gras” to restaurants by 2021 and putting it on the consumer market by 2023. http://cellbased.link/sqj

This news comes after last week’s announcement about Integriculture’s partnership with Japanese food processing conglomerate, NH Foods.

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