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Chinova Bioworks

http://chinovabioworks.com/

Last activity: 08.06.2023

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Categories: AlternativeB2CBeverageCosmeticFoodTechIndustryITMarketProductTechnology

We believe that answers to our most challenging problems can be found in natural ingredients. Every day we are inspired by the properties of the natural polymer that we work with and driven by the desire to turn these materials into incredible antimicrobial protection agents.

The Beverage Industry is facing a major problem when it comes to spoilage. There is large consumer demand for whole, natural and healthy juice products otherwise known as super premium juices. However, these juices have a limited shelf-life and are sold at a premium price, which is a potential for major loss to the beverage producer.

Chinova Bioworks is developing a natural, safe and effective antimicrobial Chitosan polymer with broad spectrum protection to enhance the shelf-life of premium juices. This technology will be the platform to launch into a wide range of applications from regular juices to the food industry, eventually evolving into cosmetics and medical applications.

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Location: Canada, New Brunswick, Fredericton

Employees: 11-50

Phone: +1 506-262-1348

Total raised: $8.6M

Founded date: 2016

Investors 8

Date	Name	Website
-	AgFunder	agfunder.c...
-	Plug and P...	plugandpla...
-	DSM	dsm.com
-	Rhapsody V...	rhapsodyvp...
01.06.2021	Creative D...	creativede...
-	DSM Ventur...	venturing....
-	Rich Produ...	richproduc...
-	NEXT Canad...	directory....

Funding Rounds 2

Date	Series	Amount	Investors
31.07.2022	Series A	$6M	DSM
13.08.2018	Seed	$2.6M	-

Mentions in press and media 29

Date	Title	Description
08.06.2023	Revolutionary Vegan Fining Agent: Chinova Bioworks Harnesses the Humble Button Mushroom to Transform the Beverage Market	Chinova Bioworks, a food technology company based in Canada, unveils MycoKleer™, an innovative vegan clarifying and fining agent designed for beverage production. This sustainably produced solution aims to revolutionize the industry by enha...
06.06.2023	Chinova Bioworks scales up production for mushroom-based natural preservatives after ‘incredible’ year	Chinova Bioworks, a Canadian startup producing natural preservatives and fining agents from upcycled mushroom stalks, is expanding its capacity four-fold this year to fuel international expansion and meet demand in fast-growing markets such...
18.08.2022	The Week in Agrifoodtech: Oatside secures $65m for Singapore’s first oat milk, input supplier iProcure scores $10m	Singapore’s first-ever oat milk brand Oatside made headlines this week with news of its sizable Series A round while iProduce landed funds to expand its input distribution tech across Africa. Fashion designer Stella McCartney is helping lau...
28.07.2022	Chinova Bioworks’ Chiber Mushroom Preservative Receives FDA GRAS Status	Canadian food tech startup Chinova Bioworks has received a No Questions Letter from the US Food and Drug Administration (FDA) regarding its Generally Recognized As Safe (GRAS) application for Chiber Mushroom Fiber. The letter indicates the ...
08.07.2022	Meet the founder: Chinova Bioworks’ CEO Natasha Dhayagude delves into her journey in bio-foodtech	Canada-based Chinova Bioworks made headlines recently for its $6 million Series A raise. Its CEO and co-founder Natasha Dhayagude launched the company with a mission to produce natural and clean-label preservatives to cater to increasingly ...
07.07.2022	Join the Newsletter Get the latest news & research from AFN and AgFunder in your inbox. Nubocha is churning out vegan gelato using sustainable nuts & cacao sourced direct from farmers Growt...	-
06.07.2022	Join the Newsletter Get the latest news & research from AFN and AgFunder in your inbox. Growthwell Foods’ new CEO on joining an alt-protein family business as an outsider Data Snapshot: Europea...	-
05.07.2022	Join the Newsletter Get the latest news & research from AFN and AgFunder in your inbox. Data Snapshot: European climate investors should take broader view of alternative proteins AgFunder-backe...	-
29.06.2022	Join the Newsletter Get the latest news & research from AFN and AgFunder in your inbox. AgFunder-backed Chinova Bioworks raises $6m Series A funding for natural shelf-life extender How ReFED &a...	-
28.06.2022	Chinova Bioworks raises $6m in DSM, Rhapsody-led Series A for natural shelf-life extender	Disclosure: AFN’s parent company, AgFunder, is an investor in Chinova Bioworks. Chinova Bioworks, a Canadian company producing “natural” shelf-life extenders from fungi, recently raised $6 million in Series A funding. The round was co-led b...
27.06.2022	Chinova Bioworks raises $6 million in Series A funding	FREDERICTON, NEW BRUNSWICK — Chinova Bioworks has raised $6 million in Series A funding co-led by DSM Venturing and Rhapsody Venture Partners. Chinova Bioworks has developed a natural preservative extracted from the stems of white button mu...
24.06.2022	Chinova Closes $6M Series A to Expand Chiber – A Novel Preservative Made from Upcycled Mushrooms	Canadian food tech startup Chinova Bioworks announces it has secured $6M in Series A funding to expand production of Chiber™– a novel clean-label preservative extracted from mushrooms. The funding will also be used to grow Chinova’s team, c...
24.06.2022	Chinova Bioworks Bags $6 Million For Mushroom-Based Clean Label Preservatives	4 Mins Read Canadian ingredients startup Chinova Bioworks has closed a $6 million Series A funding round. DSM Venturing and Rhapsody Venture Partners co-led the raise, with participation from Rich Products Ventures. The investment will supp...
23.06.2022	The Week in Agrifoodtech: WayCool bags $40m, Rohlik raises $231m despite e-grocery woes	Indian farmer-to-business marketplace WayCool landed another round of funding this week, as did Czech e-grocery startup Rohlik. Elsewhere, France’s HappyVore secured nearly $40 million to open a facility for plant-based meat, and cereal gia...
23.06.2022	Chinova Bioworks raises $6M for clean-label preservative	Dive Brief: Chinova Bioworks, a manufacturer of a natural preservative made from white button mushrooms, has closed a $6 million series A funding round. DSM Venturing and Rhapsody Venture Partners co-led the round, while Rich Products Ventu...
23.06.2022	Chinova Bioworks secures $6m to expand production, application of clean-label, mushroom-based preservative	Co-led by DSM Venturing and Rhapsody Venture Partners with additional financing from Rich Products Ventures, the investment will help Chinova Bioworks meet rising demand for clean label and vegan ingredients to replace artificial preservati...
22.06.2022	Chinova Bioworks Raises $6 Million in Series A Investment	FREDERICTON, New Brunswick, June 22, 2022 (GLOBE NEWSWIRE) -- Chinova Bioworks (Chinova), a Canadian company addressing the growing consumer demand for healthy, natural, clean-label ingredients, has closed a $6 million Series A funding roun...
15.02.2022	Chinova Receives $1.5 Million From Sustainable Development Technology Canada To Help Reduce Food Waste	FREDERICTON, New Brunswick, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Chinova Bioworks, a Canadian company that addresses the growing consumer demand for healthy, natural, clean-label ingredients, is pleased to announce that Sustainable Development...
12.09.2021	How Upcycled Mushrooms Could Help Make Beer Vegan-Friendly	3 Mins Read It’s not common knowledge, but not all beers out there are vegan. Some brands use finings in the brewing process that are derived from animals, making the final product not 100% free from animal byproducts and therefore unsuitab...
03.09.2021	Canada: Chinova Bioworks is Researching Vegan Beer Based on Mushroom Technology	Chinova Bioworks recently launched a research initiative with the INNOV Centre at College Communautaire du Nouveau Brunswick (CCNB), supported by the New Brunswick Innovation Foundation’s Innovation Voucher Fund, to develop a new processing...
05.05.2021	Chinova Bioworks Expands Production Of Upcycled Mushroom Ingredient To Meet Clean Label Food Demand	1 1 Share 4 Mins Read Canadian firm Chinova Bioworks has ramped up their production capabilities to meet the fast-growing demand for clean-label food products. The company’s flagship ingredient, Chiber, is derived from the upcycled stems of...
11.03.2021	Natural Products Canada, Active Impact Investments launch cleantech venture funds	Two firms, Natural Products Canada (NPC) and Active Impact Investments, have launched early-stage cleantech venture funds, as the cleantech sector continues to gain traction in Canada. Active Impact Investments has completed a first close o...
02.11.2020	Chinova Bioworks: Reducing Food Waste with Eco-Friendly Mushroom Extract	Chinova Bioworks Twitter Chinova Bioworks is a company that aims to reduce food waste using natural, clean-label additives. The company has discovered that an extract derived from white button mushrooms can be used to preserve foods, increa...
02.11.2020	Chinova Bioworks: Reducing Food Waste with Eco-Friendly Mushroom Extract	Chinova Bioworks is a company that aims to reduce food waste using natural, clean-label additives. The company has discovered that an extract derived from white button mushrooms can be used to preserve foods, increasing their quality and sh...
26.10.2020	Chinova Bioworks discovers new functional benefit to mushroom-based preservative for non-dairy applications	In March of this year, Chinova Biowork's Chiber chitosan ingredient for plant-based dairy products began appearing in plant-based yogurts and cheese brands carried at more than 1,000 retail stores, where it appears as 'white button mushroom...
17.10.2019	Chinova Bioworks launches natural preservatives for dairy and alt-dairy	Editor’s Note: Chinova Bioworks is a portfolio company of AgFunder. We invested in Chinova’s $2 million seed round alongside global nutrition business DSM in August 2018. Chinova Bioworks, the Canadian foodtech startup, has launched two new...
13.08.2018	Chinova Bioworks raises $2.6 million to develop mushroom-based preservative	Fredericton-based Chinova Bioworks, which is developing a mushroom-based natural preservative for food and beverages, has raised a $2.6 million CAD seed round from several foodtech VC firms. The round was led by DSM Venturing BV and Rhapsod...
09.08.2018	AgFunder Invests in Foodtech Startup Chinova Bioworks’ $2m Round With DSM, Rhapsody	Chinova Bioworks, a food tech startup with a novel food preservative, has raised a $2 million seed round from AgFunder, DSM Venturing, the venture arm of the global nutrition and health company, Rhapsody Venture Partners, an early-stage sci...
16.02.2018	Ratio.City receives $100,000 from Communitech Fierce Founders Bootcamp Pitch Competition	Communitech has announced the winner of the $100,000 prize for the pitch competition for its Fierce Founders bootcamp, which supports early-stage companies led by women. Ratio.City ended up taking the top prize. The company helps real estat...

Chinova Bioworks

Investors 8

Funding Rounds 2

Mentions in press and media 29

Reviews 0