# Nalu Bio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nalu-bio

- Industry: Biotechnology
- Headquarters: San Francisco, US
- Website: www.nalubio.com
- Total disclosed funding: $4.8M
- Latest round: Series A (Jan 30, 2023)
- Investors on record: 10

## About

Founded in 2019 by its CEO, Caitlyn Krebs, Phyllis Whiteley, and Randall Ussery, and based in California, US, Nalu Bio, Inc., operates as a provider of pharmaceutical materials for product manufacturers catering to the food, edibles, and supplement industries. In February 2023, Nalu Bio, Inc., raised USD 12 million in Series A funding, led by investor Intrinsic Capital Partners, with participation from investors Axial VC, Brown Angel Group, Flybridge Capital Partners, Portfolia, and Sacramento Angels.

The company offers various proprietary scientific platforms that provide various manufacturing solutions for the production of mints, gummies, oils, creams, lotions, salves, balms, salts, functional beverages, teas, seltzers, and chocolate ingredients for wellness and therapeutics. The company uses CBD production methodologies for the cognitive wellness and therapeutics markets.

The company plans to use the February 2023 funding to improve and upgrade the manufacturing of cannabis for personal use and medicine.

## Funding rounds

- Series A, Jan 30, 2023, $4.8M — Flybridge Capital Partners, Golden Seeds, Sacramento Angels, Portfolia, Intrinsic Capital Partners, L37, Brown Angel Group, Axial VC, Bonaventure Equity
- Seed, Jan 7, 2021 — Golden Seeds, XFactor Ventures, L37, Bonaventure Equity

## Investors

- Golden Seeds (https://capitalatlas.ai/funds/golden-seeds) — Seed, Series A
- XFactor Ventures (https://capitalatlas.ai/funds/xfactor-ventures) — Seed
- L37 (https://capitalatlas.ai/funds/l37) — Seed, Series A
- Bonaventure Equity (https://capitalatlas.ai/funds/bonaventure-equity) — Seed, Series A
- Flybridge Capital Partners (https://capitalatlas.ai/funds/flybridge-capital-partners) — Series A
- Sacramento Angels (https://capitalatlas.ai/funds/sacramento-angels) — Series A
- Portfolia (https://capitalatlas.ai/funds/portfolia) — Series A
- Intrinsic Capital Partners (https://capitalatlas.ai/funds/intrinsic-capital-partners) — Series A
- Brown Angel Group (https://capitalatlas.ai/funds/brown-angel-group) — Series A
- Axial VC (https://capitalatlas.ai/funds/axial-vc) — Series A