Allozymes Secures $15m To Revolutionize Industries

By Author: Ben Gross
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Allozymes, a pioneering company in the field of enzyme discovery and engineering, has announced the successful completion of a $15 million Series A funding round. This round was led by Seventure Partners from France and Xora Innovation from Singapore, highlighting the growing recognition of Allozymes' potential for transformation. The funding will not only accelerate Allozymes' expansion into Europe but also establish strategic partnerships within the food and chemical industries. Furthermore, it will pave the way for new collaborations in the pharmaceutical and life science sectors. Additionally, this investment will support the development of an extensive enzyme data library, which will be invaluable for future enzyme discovery endeavors.

The funding round saw the addition of new investors, including NUS Technology Holdings and Thia Ventures. Meanwhile, existing investors SOSV and Entrepreneur First continued their support for Allozymes. NUS Technology Holdings, the investment arm of the National University of Singapore, holds a special connection to Allozymes as the company's founders graduated with a Ph.D. from the ...
... university, and the technology behind Allozymes was initially developed during Akbar Vahid's postdoctoral research.

"We are extremely excited to have secured funding from such a distinguished group of investors who share our vision for the immense potential of enzymes," said Peyman Salehian, CEO and co-founder of Allozymes. "This investment is a testament to our progress in creating a truly unique and powerful enzyme engineering platform. We are dedicated to unlocking the full potential of enzymes for a more sustainable and efficient future."

At the heart of Allozymes' capabilities lies its proprietary microfluidic platform, which boasts the industry's fastest enzyme screening capability. With the ability to analyze over 20 million variants per day, Allozymes' platform significantly increases the chances of successfully developing custom enzymes with precise properties for specific industrial applications.

More Information : https://www.techdogs.com/tech-news/pr-newswire/allozymes-raises-15-million-in-series-a-funding-poised-to-revolutionize-industries-with-enzymatic-solutions