Chromologics, a Copenaghen, Denmark-based biotech company specializing in the production of natural food colors, raised an additional €7.1M in funding.
The round, which brought the series seed to a total of €12.6M, was led by Novo Holdings, Nordic Foodtech VC, Danmarks Eksport- og Investeringsfond, Synergetic, and Blue Horizon, as well as new investors Doehler Ventures and Thia Ventures.
The company intends to use the funds to accelerate the commercialization of the first product, the natural red food color Natu.Red.
“This is an exciting time for Chromologics. The team has developed, grown their skillset, and added new expertise. They are well equipped and ready for the next stage of their journey towards commercial success,” said Jarne Ellehollm, Chairman of the Board.
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Co-founded in 2017 by CEO Gerit Tolborg and CTO Anders Ødum, Chromologics provides a proprietary fermentation production method that is environment-friendly, stable, and can ensure a cost-competitive and sustainable supply to food and beverage manufacturers. The proprietary fermentation process allows manufacturers to produce natural colors that are sustainable, scalable, and cost-competitive while being compatible with most dietary needs, including kosher, halal, and vegan diets. Natu.Red, the first product in the pipeline, is pH- and temperature-stable, tasteless, water-soluble, and vegan.
During the coming funding period, the company will further advance regulatory approval, establish a commercial production line, expand the portfolio towards additional colors, and progress on commercial execution.
About Chromologics
Chromologics is a Danish company founded in 2017 with a precision fermentation platform to produce natural food colors. Their proprietary fermentation process allows them to produce natural colors that are sustainable, scalable, and cost-competitive while being compatible with most dietary needs, including kosher, halal, and vegan diets.