In the $12.5 million round headed by Atomico, Watson and Stone weren’t the only big names who backed FabricNano. Former Bayer CEO Alexander Moscho, IndieBio founder Arvind Gupta, and former Yelp engineer SVP Michael Stoppelman were among the angel investors. Supported, Hoxton Ventures and Entrepreneur First were among the other VCs.
Fossil fuels are still used in a variety of industries, ranging from plastics to scent compounds. Plastic manufacturing, for instance, accounts for roughly 14% of global oil demand. Fossil fuels have been identified as the principal source of greenhouse gas emissions and air pollution by climate experts. We have little prospect of advancing towards a net-zero economy without credible alternatives.
These enzymes can attach directly to DNA, which serves as a scaffold for creating the building block products. Cell-free biomanufacturing technologies were small-scale and expensive before FabricNano. The startup claims that its innovation has resulted in a “significant increase” in inefficiency. In 2018, Aarons and Ferdinando Randisi started the company after graduating from the Entrepreneur First accelerator program. FabricNano is hoping to expand its staff with the recent funding inflow.