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Synthace Ltd.. (2/11/15). "Press Release: Synthace Set for Rapid Growth after Funding Boost".

Organisations Organisation Synthace Ltd.
  Organisation 2 Rainbow Seed Fund, The (RSF)
  Group Midven Ltd.
Products Product Antha language and software platform for biology
  Product 2 venture capital
Index term Index term Synthace–SEVERAL: investment, 201502 financing round £2.2m incl SOSventures + Bioeconomy Capital et al
Person Person Fell, Tim (Synthace 201812 CEO)
     


British bioengineering firm Synthace has closed a £2.2 million funding round with new investors SOSventures, Bioeconomy Capital and Rainbow Seed Fund joining Sofinnova Partners and other existing investors.

Synthace develops and applies bioengineering tools and working practices, working with industry leaders to accelerate the introduction of bio-based products into the marketplace. Synthace enables bioengineers to move faster, do more and save money.

With its growing collection of integrated technologies – including the Antha language for biology driving an automated laboratory environment – Synthace is setting new benchmarks in how to engineer biological systems.

The new financing will be used to expand automation and to further develop and disseminate the Antha language, making it easy to rapidly compose reproducible workflows using individually validated unit operations.

“As growth in the global bioeconomy starts to rocket, Synthace offers its blue-chip partners the reproducibility, robustness and productivity necessary to compete in the 21st Century’s biggest revolution,” said Tim Fell, Synthace CEO.

Rob Carlson, Managing Director of Bioeconomy Capital and creator of the Carlson Curve, the biotechnological equivalent of Moore’s law, commented, “Synthace distinguishes itself in that everything its software developers write is tested on a daily basis at the lab bench. This feedback leads to higher precision, greater throughput, and unparalleled performance for customers. That’s why I invested in it.”


Media Contact

Kathryn Sheridan, Sustainability Consult
ks@sustainabilityconsult.com
Europe: +32 496 116198
North America: (202) 470 3239

   
Record changed: 2019-08-18

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