Arzeda, a Seattle, WA-based protein design company,raised $38M in funding.
The round was led by Sofinnova Partners, Fall Line Capital, Sucden Ventures, Silver Blue, and the venture arm of W.L. Gore & Associates. Previous investors also participated, including the venture arm of the Continental Grain Company, Bunge Ventures, and Lewis & Clark Agrifood.
The company intends to use the funds to expand the production capacity of its ProSweet Enzymes™ and ProSweet RebM™ to meet market demand of better tasting stevia and accelerate the commercialization of additional breakthrough products in its pipeline.
Led by CEO Alexandre Zanghellini, Arzeda provides intelligent protein design technology™, combining physics- based protein design and AI algorithms to create, validate, and manufacture new designer proteins and enzymes. In collaboration with Fortune 500 companies and industrial leaders, it develops and commercialize products across the food and nutrition, consumer products, advanced materials, agriculture, diagnostics, and pharmaceutical industries globally.
FinSMEs
18/09/2024