BacAlt Biosciences raises $2 Mn in pre-seed round led by Avaana Capital

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Bio-tech startup BacAlt Biosciences has raised $2 million (about Rs 18 crore) in a pre-seed funding round led by Avaana Capital along with participation from Lubrizol InnoVentures. The company is currently valued at $8 million.

The proceeds will be used to scale its R&D processes, build pilot production facilities, strengthen hiring and develop go-to-market strategies for geographic expansion, BacAlt Biosciences said in a press release.

Co-founded in 2023 by Shruti Kutmutia and Pranav Nair, BacAlt develops bio-based polymers and specialty ingredients…



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BacAlt Biosciences raises $2 Mn in pre-seed round led by Avaana Capital

, Published By Entracker
Tech


Bio-tech startup BacAlt Biosciences has raised $2 million (about Rs 18 crore) in a pre-seed funding round led by Avaana Capital along with participation from Lubrizol InnoVentures. The company is currently valued at $8 million.

The proceeds will be used to scale its R&D processes, build pilot production facilities, strengthen hiring and develop go-to-market strategies for geographic expansion, BacAlt Biosciences said in a press release.

Co-founded in 2023 by Shruti Kutmutia and Pranav Nair, BacAlt develops bio-based polymers and specialty ingredients…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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