Biotech start-up Insempra has secured $20 million in financing to advance its biotechnological production of natural ingredients for the food, cosmetics, and textile industries. The Munich-based company aims to meet the growing demand for environmentally friendly and resource-conserving alternatives to traditional petroleum-based production methods. Insempra's technology platform enables the extraction of natural ingredients from renewable raw materials, including those for the fragrance market.
"We are grateful for the support of our investors, who immediately recognised the potential of our market-leading processes and innovative technology platform. Our goal is to further expand our capacity to develop sustainable materials that are of high quality and help reduce the dependence of manufacturing companies on chemical industrial materials," says Jens Klein, founder and CEO of Insempra.
The Series A funding round includes contributions from EQT Ventures, BlueYard Capital, Possible Ventures, Taavet Sten, Acequia Capital, Bayern Kapital, Henkel dx Ventures, and Alante Capital.
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