On April 26, 2019, MicroByre, Inc., closed a $3 million priced seed round co-led by BioEconomy Capital, a leader in early stage industrial biotechnology venture capital, and PRIME Impact Fund, a cutting-edge climate impact investor.

The proceeds will be used to expand operations and build a high-throughput characterization and engineering platform. With these new capabilities, the Company will be able to rapidly domesticate new strains of bacteria to cost effectively and sustainably produce chemicals currently produced from petroleum or food grade sugars.

Sarah Richardson, CEO, said in a statement, “MicroByre’s goal is to dramatically expand the array of industrially relevant materials that can be produced more cheaply biologically from biomass feedstocks than with carbon intensive technologies. Having our round co-led by BioEconomy and PRIME, each a leader in their respective field, validates our approach.”