Novo Seeds leads $1.9m investment into Technical University of Denmark spin-out Biosynthia.
Biosynthia, a spin-out of Technical University of Denmark (TUD), has secured $1.9m in a venture round led by Novo Seeds, part of the investment arm of recruitment firm Novo Group.
Biosynthia is looking to disrupt the vitamin market through bio-based vitamin production, which the company says is achieved through its cell factory development platform based on synthetic selection. Its main focus is on the food and feed industries. In addition to the deal, Biosynthia has signed a strategic collaboration with TUD to access the institution’s cell factory development technologies.
Søren Carlsen, managing partner at Novo Seeds and Novo Ventures who joins the Biosynthia board, said: “We invest worldwide and only in the companies with unique differentiators and competitive edge. We believe that Biosyntia has the potential to build a world leading synthetic biology platform and accordingly can attract international strategic partners and investors.”