Extremely robust, end-to-end plant genetic engineering platform–from bioinformatics-based trait discovery to regenerative protoplast testing to greenhouse/field testing.
Total raised: $20.5M
Investors 3
| Date | Name | Website |
| - | Old Silver... | oldsilverv... |
| - | KdT Ventur... | kdtvc.com |
| 12.01.2023 | DCVC | dcvc.com/ |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 25.01.2024 | - | $20.5M | - |
Mentions in press and media 11
| Date | Title | Description |
| 05.07.2024 | 10 Molecular Farming Startups Transforming Everyday Plants into Protein Powerhouses | Today, we bring you a roundup of molecular farming startups transforming plants into biofactories to produce alternatives to animal proteins, pigments, next-gen sweeteners, and growth factors. Plant molecular farming, an additional producti... |
| 27.06.2024 | The scientific future of pet food: Leveraging alternative proteins | This article was published in the May 2024 issue of Pet Food Processing. Read it and other articles from this issue in our May digital edition. Like other consumer product sectors, the pet food industry is now a part of the “Fourth Industri... |
| 15.02.2024 | Molecular farming key to RTP startup's new sweetener | Elo Life Systems is a step closer to making the world a little sweeter. The Research Triangle Park spinout from Precision BioSciences has raised an additional $20.5 million in capital, giving it a total of $45 million in funds raised to dat... |
| 25.01.2024 | Elo Life Systems Raises $20.5M in Series A2 Funding | Elo Life Systems, a Durham, NC-based food and ingredient company providing a molecular farming platform, raised $20.5M in Series A2 funding. The round, which brought the total amount to $45M, was led by DCVC Bio and Novo Holdings with parti... |
| 24.01.2024 | Elo Life Systems raises $20.5m in series A2, aims to launch natural sweetener in 2026: ‘Everyone is trying to reduce sugar’ | North Carolina-based Elo Life Systems has closed a $20.5 million Series A2 round to accelerate the development of a natural high-intensity sweetener and Cavendish bananas engineered to resist the devastating Fusarium wilt fungal disease (TR... |
| 24.01.2024 | Elo Life Systems grabs another $20.5M to get its monk fruit sweetener to market | A year after securing $24.5 million in Series A capital, ingredient company Elo Life Systems is back with a $20.5 million Series A extension from existing investors. This time, DCVC Bio and Novo Holdings jointly led the funding and were joi... |
| 16.02.2023 | The Week in AgriFoodTech: GrainChain raises $29m, Brigad bags $30m, AeroFarms & iFarm head to MENA | This week, US-based GrainChain announced a $29 million raise for its ag supply chain platform, and hospitality tech startup Brigad landed $30 million. More vertical farming startups are headed to the Middle East North Africa (MENA) region, ... |
| 16.02.2023 | Elo Life Systems raises $24.5M for molecular farmed monk fruit sweeteners | To solve some of the biggest problems in the food system today, a new set of tools are needed, Elo Life Systems CEO Todd Rands said. The molecular farming company just closed its $24.5 million Series A funding round, which will help it deve... |
| 15.02.2023 | BREAKING: Elo Life Systems raises $24.5m to support new sweetener, disease-resistant Cavendish banana | North Carolina-based Elo Life Systems has closed a $24.5 million Series A round to accelerate the development of a natural high-intensity sweetener ‘inspired by monk fruit,’ and Cavendish bananas engineered to resist the devastating Fusariu... |
| 30.08.2022 | Elo Life Systems Appoints Michele Fite as Chief Commercial Officer and Paul Boyer as Chief Financial Officer | Elo Life Systems “At Elo, we are empowering the future of food,” said Todd Rands, CEO at Elo. “The addition of Paul and Michele to our management team adds significant new momentum as we build our commercial business and accelerate future i... |
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