# KnipBio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/knipbio

- Industry: Biopolymers
- Headquarters: Lowell, US
- Website: www.knipbio.com
- Total disclosed funding: $2M
- Latest round: Series B (Jan 3, 2017)
- Investors on record: 2

## About

KnipBio, Inc. is an innovative company that specializes in developing natural fermented ingredients to improve aquaculture feed, enhancing fish survival rates and overall farm performance.Founded in 2013 in Lowell, US, KnipBio, Inc. focuses on creating sustainable nutritional solutions for aquaculture. The firm has engaged in 5 deals to date, with the most recent funding round being a VENTURE DEBT of USD 0.880 mn raised on April 26, 2019. Larry Feinberg serves as both CEO and founder, leading the company since its inception. KnipBio has not undergone notable pivots or changes in its business operations.Knip specializes in providing an innovative, all-natural fermented ingredient aimed at enhancing the performance of aquaculture feed. Their flagship product improves survival rates in fish during critical early life stages, particularly against challenges such as transfers, diseases, and infections. Proven effective through over 50 trials across multiple species, this product supports faster recovery and better farm productivity, resulting in healthier fish. Target customers include aquaculture farms focusing on species such as shrimp, salmonids, and various marine fishes, particularly in Southeast Asia, including Thailand, where successful farm demonstrations have shown significant improvements in survival rates.Knip generates revenue primarily through direct sales of its specialized nutritional products to aquaculture farms and businesses in the seafood industry. Transactions typically involve B2B interactions where aquaculture farms purchase Knip’s products to enhance their feed formulations. Partnerships may lead to bulk purchasing agreements or subscription models, reflecting a need for high-quality feed ingredients. The company's products are positioned as premium solutions focusing on improving farm economics through increased yields and survival rates, appealing to large-scale aquaculture operations.KnipBio plans to leverage its recent VENTURE DEBT funding of USD 0.878 mn raised in April 2019 to support the development of new products aimed at enhancing aquaculture feed performance. Additionally, the company seeks to expand its reach into new markets, particularly targeting regions with large-scale aquaculture operations. Specific geographical markets for expansion include further penetration in Southeast Asia and considerations for North American operations by the end of 2023.

## Funding rounds

- Series B, Jan 3, 2017, $2M — Launchpad Venture Group, Cherrystone Angel Group

## Investors

- Launchpad Venture Group (https://capitalatlas.ai/funds/launchpad-venture-group) — Series B
- Cherrystone Angel Group (https://capitalatlas.ai/funds/cherrystone-angel-group) — Series B