Phytolon Secures $23.6M for Yeast-Derived Food Dye

Israeli food tech company Phytolon has raised $23.6 million in a Series B funding round to commercialize its fermentation-derived beetroot red dye. The investment, led by an undisclosed strategic investor, will support sales and distribution efforts in the U.S. and beyond, addressing growing demand for natural food colorants.

Original excerpt: Phytolon, which uses baker’s yeast and precision fermentation to produce natural pigments for the food industry, has bagged $23.6M in the three-stage round…

Source: Green Queen