# Lypid

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

- Industry: Food
- Headquarters: San Francisco, US
- Website: www.lypid.co
- Total disclosed funding: $4M
- Latest round: Seed (Mar 7, 2022)
- Investors on record: 5

## About

Based in California, US, and founded in 2020 by Jen-Yu Huang and Michelle Lee, Lypid is a food tech company that develops PhytoFat, an alternative vegan fat for meats. In March 2022, Lypid raised USD 4 million in seed funding led by Green Generation Fund, with participation from Big Idea Ventures and Foodland Ventures, IndieBio, and other unspecified investors.

Lypid provides PhytoFat, is an animal fat equivalent made from 97% vegan oils and water, which can be customized to melting points and precise textures for different culinary needs. The company’s product has no artificial additive, containing zero trans fats, and no hydrogenation to offer an alternative to the plant-based protein market.

The company plans to use its proceeds from March 2022 funding to launch its product to market in 2022 and expand further in the US, Asia, and Europe.

## Funding rounds

- Seed, Mar 7, 2022, $4M — IndieBio, Big Idea Ventures, Green Generation Fund, Foodland Ventures
- Seed, Jun 9, 2020 — SOSV, IndieBio

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- IndieBio (https://capitalatlas.ai/funds/indiebio) — Seed
- Big Idea Ventures (https://capitalatlas.ai/funds/big-idea-ventures) — Seed
- Green Generation Fund (https://capitalatlas.ai/funds/green-generation-fund) — Seed
- Foodland Ventures (https://capitalatlas.ai/funds/foodland-ventures) — Seed