Israeli biotechnology company Phytolon has nabbed $23.6 million in fresh funding to commercialize its fermentation-based natural color solutions in the U.S. amid growing demand for alternatives to synthetic...

• This three-stage round was led by a strategic investor as demand for high-quality natural color...

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イスラエルのフードテック企業Phytolonが、発酵由来の代替色素の商業化に向けて、シリーズBラウンドで2,360万ドル（約37億8,000万円）の資金調達を成功させました。

Phytolon has raised $23.6 million in a Series B funding round to scale its innovative natural food coloring solutions, backed by FDA-approved products.

Phytolon and Ginkgo Bioworks celebrate a key achievement in enhancing natural food color production, boosting efficiency and sustainability.

Phytolon and Ginkgo Bioworks have completed the second milestone in their collaboration to develop natural food colors via yeast fermentation.

Phytolon and Ginkgo Bioworks (NYSE: DNA) have achieved a significant milestone in their natural food colors collaboration, nearly tripling manufacturing efficiency. The partnership, initiated in 2022, focuses on developing yeast strains to produce two natural colors: "Beetroot Red" and "Prickly Pear Yellow." This breakthrough comes amid increasing pressure to eliminate artificial food dyes in the U.S., with FDA Commissioner Marty Makary announcing plans to remove synthetic colors from the food supply by 2026. The FDA has already banned FD&C Red No. 3 due to cancer risks. The improved production process offers significant advantages: Higher production efficiency (3x increase) Reduced production costs Lower carbon footprint Successful coloring in multiple food categories including baked goods, snacks, dairy, and confectioneries As part of the milestone achievement, Ginkgo will receive additional equity in Phytolon, strengthening their partnership in sustainable food coloring solutions.

This 3-stage round was led by a strategic investor as demand for high quality natural colors accelerates globally Earlier this year the FDA approved 'Beetroot Red', Phytolon's first product made by fermentation; the effective date is subject to FDA procedures The last stage in the round...

Replacing artificial dyes with natural colors has become a national priority, moved by consumer demand, regulation, and governmental pressure. Achieving this milestone—by increasing coloring efficiency and reducing costs—could unlock new market segments that are not well-supported by...

TEL-AVIV, Israel, Nov. 20, 2024 /PRNewswire/ -- Millennium Foodtech Partnership (TASE:MIFT) Announces Phytolon (portfolio company in which the partnership holds 10.8%), an Israeli biotech / food tech startup that produces natural food colors using…

• This three-stage round was led by a strategic investor as demand for high-quality natural color...