According to Oil and Fats International, German biotechnology company Insempra has raised US$20M in funding to expand production of yeast-fermented lipids for food and cosmetics.
Following an initial US$15M seed round in 2021, the latest financing round would enable the company to continue building a technology platform to produce sustainable ingredients for a range of industries and support the scale-up of its manufacturing capabilities, Insempra said on 7 May.
Using a fermentation process similar to the process used in brewing beer or the culturing of cheese, the company uses micro-organisms and natural ingredients such as sugar, salt, water and alternative second-generation feedstocks to produce natural ingredients.