Biotech startup Tiamat Sciences is gearing up for rapid growth following the close of its $2M seed extension round.
The Durham, N.C.-based startup develops plant-based proteins for use in
cellular agriculture. It intends to use the proceeds to accelerate
product validation and ink strategic partnerships.
- 8090
Industries led the current funding round with participation from True
Ventures, Social Impact Capital, Siddhi Capital, Sustainable Food
Ventures, and others.
- The extension round brings the firm's total funds raised to date to $5.4M.
- Tiamat is also expanding into new markets.
- It aims to raise more funding later in 2023 to expand its North Carolina and Belgium sites.
- The firm claims that its most recent patented product was able to increase crop yield by 1000x within six months.
