The Tufts spinout has not identified any of its investors in the round, which will go towards the launch of a feed additive to prevent avian livestock infections.
Akeso Biomedical, a US-based animal feed developer spun out of Tufts University, today closed a $4.4m funding round backed by undisclosed new and existing investors.
Tufts spun out Akeso in 2014 to commercialise silk technology for treating skin wounds. The business has since pivoted to manufacturing feed additives for livestock to prevent infections spilling into the food chain without using antibiotics.
Akeso’s additives contain the Fe3C compound, which works as an adhesive film positioned around the biological proteins responsible for…