In Denmark, Octarine Bio has raised €5 million ($5.8 million) to commercially launch its precision-fermented pigments for food, textiles, and personal care.
Specifically, the funds will be used for industrial-scale validation and commercial rollout PurePalette, which is expected this year.
Co-founder and CEO Nethaji Gallage told Green Queen Octarine Bio’s pigments are the only fully biobased pigments on the market that can deliver all colors in a single process. “Our proprietary engineered microbial strains each produce a unique PurePalette color,” she said. “The pigments are manufactured using precision fermentation, using bio-based and renewable bulk feedstocks. After fermentation, the pigments are purified […] and formulated into final products for each application we are targeting.”
The new capital brings the company’s total Series A amount to €12.8 million. The round was led by new and existing backers, including The Footprint Firm, Edaphon, Unconventional Ventures, DSM-Firmenich Ventures, and Oskare Capital. Angel investors 21st.Bio co-founder Per Falholt and former Novonesis CEO Steen Riisgaard also participated.
Home Renewable Chemicals Octarine Bio raises €5 million, expects to launch biobased pigments in 2026