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Phytolon Raises $23.6M

Recently funded · $23.6M Series bManufacturingILView source

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Phytolon, a company developing natural food colors through a novel fermentation process, has closed a $23.6M Series B funding round. The capital infusion will support its mission to provide cost-efficient, high-quality natural colorants that meet growing consumer demand for healthy food.

The Series B round saw participation from investors including NextGen Nutrition, Colorcon Ventures, and Yossi Ackerman. Phytolon leverages a sustainable fermentation-based technology to produce betalain natural colors in baker's yeast, offering an alternative to synthetic dyes.

Food tech firm Phytolon has secured $23.6M to commercialise its fermentation-derived alternatives to food colours, starting with red dye. The Make America Healthy Again-led war on artificial food dyes is catching investors’ attention, with this alternative colouring startup completing a sizeable Series B raise.

Phytolon will use the funds to commercialise its natural alternatives to synthetic food dyes, starting with a beetroot red colourant that was approved for use in the US by the FDA in February. “This new funding will be allocated to support sales and supply to CPG [companies] and to distribution partners in the US and beyond,” said Phytolon co-founder and CEO Halim Jubran. “I am excited to see o

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