# Chinova Bioworks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chinova-bioworks

- Industry: Biotechnology
- Headquarters: Fredericton, Canada
- Website: www.chinovabioworks.com
- Total disclosed funding: $11M
- Latest round: Series A (Jun 22, 2022)
- Investors on record: 8

## About

Chinova Bioworks Inc. develops natural preservation solutions for the food and beverage industry, utilizing innovative approaches to enhance product quality and sustainability through its flagship offerings.Founded in 2016, Chinova Bioworks Inc., headquartered in Fredericton, Canada, specializes in natural preservation solutions for food and beverages. The company was established by David Brown and Tanzina Huq, with Natasha Dhayagude as the CEO. Chinova has engaged in 7 deals, with the most recent funding round occurring on March 4, 2025, where it raised CAD 350,000 from Natural Products Canada, representing its total amount raised.Chinova Bioworks specializes in innovative natural preservation solutions for the food and beverage industry, focusing primarily on two flagship products: Chiber™ and MycoKleer™. Chiber™ is a clean-label preservative derived from natural fiber extracted from white button mushrooms, designed to enhance the quality, freshness, and shelf life of various food products. MycoKleer™, on the other hand, serves as a natural fining agent, facilitating rapid clarification in beverages. Both products address significant industry challenges, such as food waste, sustainability, and the need for cleaner labels in consumer products. Chiber™ and MycoKleer™ are marketed to a diverse client base, including manufacturers of sauces, dairy products, plant-based alternatives, and beverages, primarily targeting geographical markets in North America, Australia, and New Zealand.Chinova Bioworks generates revenue through strategic partnerships and direct sales of its products to manufacturers and distributors within the food and beverage sector. The company’s transactional framework typically involves B2B transactions with clients who incorporate Chiber™ and MycoKleer™ into their production processes. Clients utilize these products in various applications, such as enhancing the shelf life of sauces and improving the clarity of beverages, resulting in increased product value and customer satisfaction. Revenue is derived from selling these products either through bulk orders or potential licensing agreements, allowing clients to leverage Chinova's proprietary technology in their formulations. The pricing structure is tailored to accommodate the specific needs of clients while emphasizing the unique benefits provided by their trademarked solutions.In March 2025, Chinova Bioworks Inc. raised CAD 350,000 in venture funding from Natural Products Canada. The company will use the funding to settle regulatory matters and prepare for product commercialization. Future growth strategies include the development and launch of new products aimed at enhancing natural preservation capabilities and addressing emerging market needs. Chinova aims to expand its market presence beyond North America into regions such as Europe and Asia. The company plans to target these new markets by the end of 2025, leveraging the recent funding to support its expansion initiatives.

## Funding rounds

- Series A, Jun 22, 2022, $6M — DSM Venturing, Rhapsody Venture Partners, Rich Products Ventures
- Seed, Dec 8, 2020 — SOSV
- Seed, Aug 13, 2019, $2.6M — DSM Venturing, AgFunder, Rhapsody Venture Partners, Natural Products Canada
- Seed, Aug 7, 2018, $2M — DSM Venturing, AgFunder, Rhapsody Venture Partners, Natural Products Canada
- Seed, Jan 1, 2017 — SOSV, First Angel Network, New Brunswick Innovation Foundation

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- First Angel Network — Seed
- New Brunswick Innovation Foundation (https://capitalatlas.ai/funds/new-brunswick-innovation-foundation) — Seed
- DSM Venturing (https://capitalatlas.ai/funds/dsm-venturing) — Seed, Series A
- AgFunder (https://capitalatlas.ai/funds/agfunder) — Seed
- Rhapsody Venture Partners (https://capitalatlas.ai/funds/rhapsody-venture-partners) — Seed, Series A
- Natural Products Canada (https://capitalatlas.ai/funds/natural-products-canada) — Seed
- Rich Products Ventures (https://capitalatlas.ai/funds/rich-products-ventures) — Series A