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C16 Biosciences announced it raised $4.98 Million in an initial filing from an offering of $10.2 Million

Mar 22, 2023over 2 years ago

Amount Raised

$4.98 Million

Round Type

seed

New YorkBiotechnology Research

Company Information

Company

C16 Biosciences

Location

619 W 54th Street, 7th Floor

New York, New York, United States

About

C16 Biosciences is a New York-based biotech company producing biodesigned performance ingredients. We do this by leveraging our proprietary platform to produce novel ingredients without compromises for the world’s leading consumer goods manufacturers. The company recently launched the Palmless™ platform for sustainable ingredients as well as their first biodesigned ingredient, Torula oil, a luxury bioactive oil clinically proven to promote healthier skin and hair. Torula oil was the hero ingredient in two of 2023’s award-winning product launches, both of which sold out in <24 hours. The founders generated the idea for C16 Biosciences at the MIT Media Lab, and the company is backed by Breakthrough Energy Ventures, Y Combinator, and more.

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