# Silk

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/silk-2

- Industry: Chemicals
- Headquarters: Medford, US
- Website: www.silkinc.com
- Total disclosed funding: $17M
- Latest round: Series A (Sep 28, 2017)
- Investors on record: 4

## About

Silk, Inc. specializes in biotechnology solutions derived from natural silk protein, offering innovative products across various sectors, including biomedicine, personal care, textiles, and agriculture.Founded in 2013 and headquartered in Medford, US, Silk, Inc. is focused on developing biotechnology products that utilize natural silk protein. In October 2018, the company raised USD 30 mn in Series B funding led by The Kraft Group, marking its sixth deal. CEO Greg Altman has a history of entrepreneurial ventures that contribute to the company’s strategic direction.Silk, Inc. produces biotechnology products based on its flagship platform, Activated Silk™, which enhances product performance across sectors like biomedicine and personal care. Their applications improve barrier functions and provide biocompatible alternatives to synthetic chemicals. The company supplies its innovative solutions to a global clientele in North America, Europe, and Asia.Silk, Inc. operates under a B2B model, engaging with manufacturers and retailers in various sectors such as personal care and textiles. Their revenue model is centered on the sale of Activated Silk™ technology applications, supplemented by long-term agreements with partners to maintain a steady supply of their offerings, although specific pricing details are not publicly disclosed.In the wake of its most recent funding round in October 2018, which raised USD 30 mn, Silk, Inc. plans to expand its product line and enter new markets by leveraging the capital for R&D and market development. The company is targeting further growth in Europe and Asia, with plans to launch new product offerings by 2022, enhancing its footprint in the biotechnology sector.

## Funding rounds

- Series A, Sep 28, 2017, $11M — Lear Corp., Kraft Group, Altman Health Investments
- Series A, Mar 3, 2016, $6M — Lear Corp., Kraft Group, Altman Health Investments, Porchlight Equity

## Investors

- Lear Corp. — Series A
- Kraft Group — Series A
- Altman Health Investments (https://capitalatlas.ai/funds/altman-health-investments) — Series A
- Porchlight Equity (https://capitalatlas.ai/funds/porchlight-equity) — Series A