ECBF Management GmbH. (11/11/21). "Press Release: European Circular Bioeconomy Fund (ECBF) Invests $7 Million USD in Irish AI-discovery Platform Company Nuritas". Dublin & Luxembourg.

	Organisation	ECBF Management GmbH
	Group	ECBF (European Circular Bioeconomy Fund) (Group)
	Organisation 2	Nuritas Ltd.
	Product	peptide library
	Product 2	venture capital
	Index term	Nuritas–ECBF: investment, 202111 financing round Series B totalling $45m incl $7m from ECBF
	Index term 2	Nuritas–SEVERAL: investment, 202111 financing round Series B $45m led by Cleveland Avenue + incl ECBF
	Person	Asano, Marie (European Circular Bioeconomy Fund 202111 Princiap before HTGF 201902 Investment Manager)
	Person 2	Benioff, Marc (Salesforce 202012 CEO)

> ECBF joined Nuritas’ $45M financing round alongside lead investor Cleveland Avenue and additional investors including Wheatsheaf Group, Vertex holdings, Veronorte and CJ

> Funding will serve to scale Nuritas´ AI platform Np?™ as well as to accelerate the global expansion of sustainable, healthier, plant-based food and consumer products

The European Circular Bioeconomy Fund (ECBF) has invested approximately $7 million USD in the $45 million USD Series B financing round of Nuritas, a biotechnology company revolutionizing the discovery and use of plant-based bioactive peptides through artificial intelligence (AI) and genomics. The round was led by Chicago-based Cleveland Avenue and additional investors including Grosvenor’s Wheatsheaf Group, Vertex holdings, Veronorte and CJ. Previous rounds were led by Cultivian Sandbox Ventures and Singapore-based VisVires New Protein, both of whom participated in this round. Other early investors include U2’s Bono and The Edge, Salesforce CEO Marc Benioff and Ali Partovi. This brings total funding to date of $75 million USD.

This new funding will accelerate Nuritas’ global expansion and support its mission to unlock the power of nature to make many of the products we consume daily healthier, safer and more sustainable.

“The mission and vision of Nuritas™ are in line with the zeitgeist of our time. There is an ever pressing demand for clean label products that maximize human well-being and health while simultaneously contributing towards a more sustainable, plant-based economy,” said Marie Asano, Principal at ECBF.

ECBF Management GmbH
Poppelsdorfer Allee 17 | 53115 Bonn | Germany
T.: +49 160 892 7744
[email protected] | www.ecbf.vc

Record changed: 2023-06-05