Arzeda secures $38M in latest funding round
Arzeda, a Seattle-based protein design firm, secured $38M in a new funding round.
Sofinnova Partners led the round, joined by Fall Line Capital, Sucden Ventures, Silver Blue, and W.L. Gore's venture arm. Previous backers, including Continental Grain Company and Bunge Ventures, also participated.
The funds will enhance production capacity for ProSweet Enzymes™ and ProSweet RebM™ and speed up commercialization of new products.
CEO Alexandre Zanghellini aims to leverage Arzeda's AI-driven protein design technology to meet the growing market demand for better-tasting stevia.