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Phytolon closes US$14.5 million in Series A Funding

Samantha Chiew
Samantha Chiew7/6/2022 06:00 PM GMT+08  • 2 min read
Phytolon closes US$14.5 million in Series A Funding
Left to right: co-founders of Phytolon, Halim Jubran and Tal Zeltzer. Photo: Phytolon
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Phytolon, a developer of fermentation-based natural food colours and a portfolio company of locally listed The Trendlines Group, has secured US$14.5 million ($20.4 million) in funding, led by DSM Venturing, to further progress its technology towards commercialisation, with participation from Cibus Fund, Ginkgo Bioworks (in-kind investment in the form of Foundry services) and The Trendlines Agrifood Fund.

Participation in this Series A also includes some of Phytolon’s current shareholders: The Trendlines Group (the largest shareholder in the company), Arkin Holdings, Millennium Foodtech, Agriline (administered by Consensus Business Group), Stern Tech, and OpenValley/Yossi Ackerman.

Phytolon’s proprietary technology is based on licensed technology from the Weizmann Institute of Science (Israel) and addresses the need for healthy, efficient, and sustainable natural food-colouring alternatives to azo/synthetic dyes used in food and beverages.

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