Right before the pandemic hit, IndieBio – a startup accelerator focused on using biology to solve major problems – expanded into New York in addition to its San Francisco base. With the world now paying more attention to life sciences startups, it’s the perfect time to get a glimpse of the latest batch of startups IndieBio NY is set to present to investors in just one month.
Founders, VCs, and industry watchers can discover what’s new in various sectors like agriculture, diagnostics, carbon and methane upcycling, and cancer therapeutics by checking out the work of the nine teams preparing to go public.
A few of IndieBio’s past high-achieving startups include Upside Foods, which secured a $400 million led by two sovereign wealth funds last year, and MycoWorks, a company that produces leather from fungi and recently closed a $125 million Series C round. NotCo, another of IndieBio’s portfolio companies, has also gained traction and is now backed by Jeff Bezos and Kraft Heinz as it “veganizes” foods.
Check out short descriptions of each of the startups below:
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FREZENT Biological Solutions
FREZENT is focusing on a new class of bispecific antibodies that aim to target dormant cancer cells that have survived treatment and may cause a recurrence. The team’s strategy is to halt the metabolism in these dormant cancer cells to prevent reactivation. They are currently concentrating on monoclonal antibody discovery and proof-of-concept studies. Find out more here.
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Xias Bio Limited
Xias Bio is addressing the concerns of cosmetics consumers who want the industry to replace animal proteins with sustainable alternatives to reduce greenhouse gas emissions, water pollution, and deforestation. The company has developed a molecular platform for producing multi-functional, animal-free proteins to license. L’Oreal is already a customer, and the startup plans to expand into pharmaceuticals and the food industry.
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Earnest Agriculture
Earnest Agriculture has engineered a microbial consortium that safeguards crops against diseases, pests, and drought while enhancing soil health. When applied as a seed coating, these patented microbes can increase yields by 7x and reduce synthetic chemical use. » …Read More