Chanel Backed Biotech Firm Evolved by Nature Gains Major Investment

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Evolved by Nature has raised $120 million in Series C financing in a round led by Teachers’ Venture Growth, part of the Ontario Teachers’ Pension Plan Board, and Senator Investment Group.

“By harvesting nature’s most powerful chemistry, we are advancing health and a healthier relationship between industries and ecosystems,” said Dr. Greg Altman, cofounder and chief executive officer of Evolved by Nature. “Natural silk protein has evolved over millions of years, and we can finally make it available to sustainably enhance the performance potential of essentially anything with a surface.

Its own brand petrochemical free skin care products are set to launch later this year and will include a serum, face cream and body products for ultra sensitive skin. “We started with the thought that if we could clean up the supply chains in personal care that utilize products that treat the skin and hair, we could start to have a massive impact,” Altman said. “In developing some of these novel molecules and ingredients, we also realized we can treat the surface of leather and our really large ambitious goal that is now 100 percent realizable is that we can now make natural leather return to its origins.

 

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