Cannabinoids and psychedelics are poised to become breakthrough therapies for a range of debilitating conditions. However, issues with the cost-effective and scalable production of these API's, as well as pharmacokinetic issues such as low solubility, bioavailability and stability limit their application. Octarine produces these complex molecules at scale with yeast fermentation, and further, uses proprietary enzymatic modification technology to produce novel derivatives with improved properties
Location: Denmark, Capital Region of Denmark, Frederiksberg Municipality
Employees: 11-50
Total raised: $7.85M
Founded date: 2018
Investors 3
| Date | Name | Website |
| - | MassChalle... | masschalle... |
| - | Enexis | enexis.se |
| - | DSM Ventur... | venturing.... |
Funding Rounds 3
| Date | Series | Amount | Investors |
| 10.11.2023 | - | $4.65M | - |
| 21.09.2022 | - | $2M | - |
| 11.03.2021 | Seed | $1.2M | - |
Mentions in press and media 12
| Date | Title | Description |
| 18.09.2024 | Octarine Bio celebrates PurePalette™'s debut on the London Fashion Week runway in collaboration with Patrick McDowell | Danish Biosolutions company Octarine Bio has joined forces with sustainable and luxury fashion designer Patrick McDowell to produce several garments for their SS25 collection dyed with PurePalette™, Octarine's sustainable nature-based dyes.... |
| 10.11.2023 | Octarine Bio secures € 4.35 funding to propel their sustainable dyes | Image Courtesy : https://specialtyfabricsreview.com Danish synthetic biology startup, Octarine Bio has successfully secured a € 4.35 million funding round, with Unconventional Ventures leading the charge. Notable participation came from inv... |
| 10.11.2023 | Octarine Bio Raises €4.35M in Funding | Octarine Bio, a Copenhagen, Denmark-based synthetic biology platform company, raised €4.3M in funding. The round, which brought the total amount to €12M, was led by Óskare Capital, Unconventional Ventures, and The Footprint Firm with partic... |
| 09.11.2023 | The Week in AgriFoodTech: Talus Renewables nabs $22m for green ammonia, Getir buys FreshDirect | This week, Talus Renewables closed a funding round for its green ammonia system and vegetable waste firm Letoon Holdings secured capital. M&A is coming for online grocery, as evidenced by Getir’s acquisition of US-based FreshDirect. The... |
| 08.11.2023 | Octarine Bio raises €4.35M for sustainable dyeing tech | Octarine Bio, a Copenhagen-based biotech startup working on the development of new colours and sustainable dyeing technologies has raised €4.35 million in a new funding round. The investment is aimed at aiding the company accelerate the dev... |
| 21.09.2022 | Octarine Bio Closes €2M Funding | Octarine Bio, a Copenaghen, Denmark-based synthetic biology company, closed a €2M Pre-Series A funding round. The round was co-led by DSM Venturing and Oskare Capital. The company intends to use the funds to continue the push to develop the... |
| 20.09.2022 | Danish synthetic biology company Octarine Bio closes €2M fundraising co-led by DSM Venturing and Oskare Capital | COPENHAGEN (PRWEB) September 20, 2022 2M EUR was raised in this pre-series A, while the company is currently ramping up to its series A fundraising effort with expected closure during 2023. The successful completion of the pre-series A roun... |
| 19.07.2021 | Octarine Bio announces the expansion of its Scientific Advisory Board | We are humbled that such highly-respected and world-renowned experts believe in our mission COPENHAGEN, Denmark (PRWEB) July 19, 2021 After raising $3.2M USD in its latest funding round Octarine is on a path of rapid growth, building a worl... |
| 11.03.2021 | Octarine Bio announces closing of extended seed round financing of $1.2 million USD with an uptick in valuation due to significant investor demand. | COPENHAGEN, Denmark (PRWEB) March 11, 2021 Octarine Bio ApS (“Octarine” or “the company”), a synthetic biology company developing biosynthetic platforms for cannabinoids, psychedelics and their novel improved derivatives, today announced it... |
| 02.06.2020 | MassChallenge Switzerland Announces 5th Cohort | June 2, 2020 (Renens, Switzerland) - MassChallenge Switzerland, part of MassChallenge’s global network of zero-equity startup accelerators, today announced its 2020 cohort, selected from more than 1,000 applications and representing some of... |
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