Colossal Biosciences Raises $200 Million with Historical Ambition
Deal News | Jan 16, 2025 | Ag News
Colossal Biosciences has raised $200 million to further its ambitious project of bringing back the woolly mammoth, showcasing continued interest in de-extinction technology. Meanwhile, NatureMetrics, a UK-based startup focused on nature intelligence and biodiversity monitoring, has successfully closed a Series B round. On a different note, Chipotle has fortified its environmental stance by investing in methane reduction technologies via its Cultivate Next fund. Moreover, agritech giant Syngenta has embarked on a new R&D partnership venture aimed at accelerating innovation in biologicals. These developments highlight significant movements in agri-food tech, with a focus on environmental sustainability and cutting-edge science.
Sectors
- Biotechnology
- Environmental Technology
- Quick Service Restaurants
- Agribusiness
Geography
- United States – Colossal Biosciences and Chipotle are based in the U.S., highlighting significant innovation within the country.
- United Kingdom – NatureMetrics, a UK-based company, reflects the UK's strong position in environmental technology advancements.
Industry
- Biotechnology – Colossal Biosciences operates in the biotechnology sector, focusing on de-extinction technology.
- Environmental Technology – NatureMetrics targets nature intelligence and biodiversity monitoring in the environmental technology sector.
- Quick Service Restaurants – Chipotle, a fast-food chain, is actively investing in methane reduction, engaging with environmental tech initiatives.
- Agribusiness – Syngenta's latest partnership for biological R&D places it firmly within the agribusiness sector.
Financials
- $200 million – Funding raised by Colossal Biosciences for its de-extinction project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Colossal Biosciences | Target Company | Company | An innovative biotech firm focused on de-extinction efforts, notably aiming to bring back the woolly mammoth. |
| Chipotle | Investor | Company | A major quick-service restaurant chain investing in sustainability initiatives through its Cultivate Next arm. |
| NatureMetrics | Target Company | Company | A UK-based startup providing nature intelligence and biodiversity monitoring solutions. |
| Syngenta | Company | Company | A prominent player in the agribusiness industry, focusing on R&D in biologicals through new partnerships. |