Upcycling ingredients maker Comet Bio raises US$22m to expand manufacturing capabilities

UK – Comet Bio, a UK-based upcycled food ingredients maker, has raised US$22 million in a Series C funding round led by Effingham-based private equity management fund Open Prairie.  Other investors including Louis Dreyfus Co., BDC Capital, and Sofinnova Partners participated in the round aimed at expanding Comet Bio’s manufacturing capabilities.  Comet Bio uses its patented upcycling technology to produce ingredients from crops’ residue left in the field, including straw, leaves and shells, and food leftovers.  One of the company’s upcycled ingredients, Arrabina has been clinically proven to promote the growth of beneficial bacteria in the gut.  The product, sourced…

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