# Allozymes Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/allozymes-pte

- Industry: Biotechnology
- Headquarters: Singapore, Singapore
- Website: www.allozymes.com/
- Total disclosed funding: $23M
- Latest round: Series A (Apr 2, 2024)
- Investors on record: 6

## About

Based in Singapore and founded in 2020 by co-founders Peyman Salehian, Ph.D. (CEO), and Akbar Vahidi, Ph.D., Allozymes Pte. Ltd. operates as a provider of advanced enzyme engineering solutions to industries looking for sustainable bioproduction methods. In May 2024, Allozymes Pte. Ltd. raised USD 15 million in Series A funding from Thia Ventures and ID Capital, with participation from Seventure, NUS Technology, Xora Innovation, SOSV, Entrepreneur First, and Transpose Platform Management. The round was part of a larger USD 22.5 million series A funding.

The company developed sensitive, accurate, and generic assays for the detection of enzymatic reactions, proprietary microfluidic chips, and proteomics technologies to take enzyme development to the next level. Allozymes's first target application is to transform ingredient manufacturing for a sustainable future in industries ranging from pharmaceuticals and cosmetics to food and beverages.

## Funding rounds

- Series A, Apr 2, 2024, $11M — Seventure Partners, SOSV, Entrepreneur First, Transpose Platform Management, Xora Innovation, NUS Technology
- Series A, Aug 3, 2023, $7.5M — Seventure Partners, Entrepreneur First, Xora Innovation, NUS Technology
- Seed, Apr 14, 2022, $2M — SOSV, Entrepreneur First, Transpose Platform Management, Xora Innovation
- Seed, Jan 25, 2021, $3.3M — SOSV, Entrepreneur First, Transpose Platform Management, Xora Innovation

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed, Series A
- Entrepreneur First (https://capitalatlas.ai/funds/entrepreneur-first) — Seed, Series A
- Transpose Platform Management (https://capitalatlas.ai/funds/transpose-platform-management) — Seed, Series A
- Xora Innovation (https://capitalatlas.ai/funds/xora-innovation) — Seed, Series A
- Seventure Partners (https://capitalatlas.ai/funds/seventure-partners) — Series A
- NUS Technology — Series A