Chromologics Raises €12.6M for Fungus Alternative to Carmine and Red 40 Food Colorings
Chromologics, a Danish biotech company developing fungal fermentation solutions for natural pigments, has raised €12.6 million in a seed round to commercialize its red food color alternative produced by a non-GMO fungus. The investment arm of the Danish ingredients company Döhler, Döhler Ventures and the capital firm Thia Ventures joined as new investors while existing investors backed the biotech company with an additional €7.1 million in equity in an extended round. “We are thrilled to be able to accelerate our commercial development and welcome two new, strong investors, Doehler Ventures and Thia Ventures,” said Gerit Tolborg, CEO of Chromologics. Chromologics’ investors include Novo Holdings, Nordic Foodtech VC, Danmarks Eksport- og Investeringsfond, and Blue Horizon. Replacing carmine and Red 40 The Danish company was founded in …
