23 new startup deals totaling ~$440M+ in new funding for NYC startups last week; several newly-minted unicorns. NYC Tech News for the week ending 10/9 featuring news for PERSUIT, Unacast, BrightHire, and much, much more.
Microbes are essential to all life on earth and, in fact, the most dominant form of life on Earth. The study of microbes has historically advanced society in numerous ways such as the creation of the first smallpox vaccine, identifying the causes of cholera, tuberculosis, and anthrax, and the discovery of penicillin. Today, microbes in controlled settings can improve healthcare, food production, and agricultural output. Kingdom Supercultures is a designer and supplier of microbial strains that are naturally found in food. By using experimental and computational approaches for formulation, the company is able to provide the raw ingredients for use in manufacturing plant-based food, fermented beverages, and personal care products. There are over 6000 food additives – flavoring, glazing agents, bleaching agents, improvers, etc. – that are used to process foods that we’re told are harmless but, in reality, are anything but and never found in natural food. Kingdom Supercultures offers a viable substitute, at scale, to these ingredients to ensure that the future of food production and consumer goods is with real, natural ingredients, free of manipulation and processing aids. AlleyWatch caught up with Kingdom Supercultures CEO and Cofounder Kendall Dabaghi to learn more about the company’s ambition mission to reframe the way we think about food production, strategic plans, latest found of funding from investors that include Shine Capital. In addition to Shine Capital, this funding round was supported by Valor, Tao, Lux, SALT, Reference, and Digitalis
Six new fundings totaling approximately a quarter of a BILLIOn dollars, that you absolutely need to know about. The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 10/5/2021 featuring funding details for Copia Automation, Studs, and much more.