# C16 Biosciences

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/c16-biosciences

- Industry: Biotechnology
- Headquarters: New York, US
- Website: www.c16bio.com
- Total disclosed funding: $24M
- Latest round: Series A (Feb 14, 2020)
- Investors on record: 11

## About

Established in 2018 and based in New York, US, C16 Biosciences, Inc. operates as a biotechnology company that utilizes microbiology to produce alternatives for palm oil. In January 2024, C16 Biosciences, Inc. raised USD 1 million in venture funding led by investor Elemental Excelerator. The firm, as of July 2024, is led by its cofounders, Shara Ticku (CEO) and David Heller (COO).

C16 Biosciences specializes in advanced biomanufacturing technologies for creating high-performance, sustainable ingredients. The company’s flagship platform, Palmless™, leverages the biotechnology of fermentation of naturally occurring microorganisms to produce lipids and oils that serve diverse applications in beauty, personal care, home care, and food products. Their product lineup includes Palmless™ Torula Oil, a versatile ingredient noted for its benefits in skincare, and Palmless™ Refined Oil, which enhances food products with desirable textures and flavors.

The company plans to utilize the January 2024 funding to broaden its platform by producing food-grade oils and fats using feedstocks generated from non-agricultural sources.

## Funding rounds

- Series A, Feb 14, 2020, $20M — Y Combinator, DCVC, AME Cloud Ventures, Sound Ventures, Liquid 2 Ventures, Breakthrough Energy Ventures, Waldencast, Future Tech Lab
- Seed, Aug 20, 2018, $4M — Y Combinator, Soma Capital Management, UpHonest Capital, Pioneer Fund

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- UpHonest Capital (https://capitalatlas.ai/funds/uphonest-capital) — Seed
- Pioneer Fund (https://capitalatlas.ai/funds/pioneer-fund) — Seed
- DCVC (https://capitalatlas.ai/funds/dcvc) — Series A
- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Series A
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Series A
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Series A
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series A
- Waldencast — Series A
- Future Tech Lab — Series A