In California, Ferment, a venture studio that creates bio-enabled product companies, has launched a new $20 million studio fund to rapidly translate biology into products that solve targeted problems across sectors including energy, agriculture, materials, and health. The new fund’s first creation and $2.5 million investment is Alchemyca, a company that uses enzymes, sensors, and AI to dramatically improve how we convert organic waste into renewable natural gas. It joins existing Ferment companies that have all launched revenue-generating products within their first three years, and have attracted corporate partners like Vale, Suncor, Chanel, and Nutreco.
Tags: California, Ferment
Category: Fuels
