"Allozymes Raises $15M for European Expansion and Strategic Partnerships in Food, Chemical, Pharmaceutical, and Life Science Industries"

Allozymes Raises $15M in Series A Funding

Key Highlights:

• Series A Funding: Singapore-based biotech company Allozymes secured $15 million in Series A funding.
• Investors: Funding round led by Seventure Partners and Xora Innovation.
• Expansion Plans: Funds will be used to accelerate expansion into Europe, establish strategic partnerships in the food and chemical industries, and pursue collaborations in the pharmaceutical and life science sectors.

Allozymes' Target Market

• Target Market: Food and chemical industries, pharmaceutical companies, and the life science sector.
• Enzyme Discovery and Engineering: Providing innovative enzyme solutions to address industry-specific challenges and improve efficiency.
• Bioeconomy and Sustainable Solutions: Supporting the development of a more sustainable and efficient future through the use of enzymes.

What Allozymes Needs to Buy

• Research and Development Partnerships: Collaborating with research institutions and industry partners to further develop and optimize enzyme solutions.
• Marketing and Sales Support: Engaging with marketing and sales agencies to promote and distribute their enzyme products.
• Expansion and Operations: Investing in infrastructure and resources to support their expansion plans and meet growing demand.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.