Checkerspot, an Alameda, CA and Salt Lake City, UT-based biotechnology company, raised $55M in Series C funding.
The round was led by ArrowMark Partners, with participation from Cox Enterprises and other new and existing investors.
The company intends to use the funds to accelerate the development and commercialization of biobased alternatives for everyday products.
Checkerspot designs materials and ingredients at a molecular level to enable more sustainable, high-performing products. By optimizing microalgae, its vertically integrated WING™ Platform biomanufactures unique oils that reduce dependence on commodity oils and petroleum derivatives, and can improve performance properties in everyday consumer products including hardgoods, textiles, personal care, and food.
The company started by commercializing performance composites engineered into skis and snowboards, which are sold through its brand WNDR Alpine.
FinSMEs
14/02/2023