Indian biotech startup String Bio raises $20 million in funding

String Bio, a biotech startup based in India has raised $20 million in its new funding round to advance its decarbonization efforts.

• The funding will be invested in growing markets for its products and further driving its decarbonization impacts.
• String Bio combines biology, fermentation technology, chemistry, and process engineering to derive value-based products from the energy in methane.
• The startup produces protein ingredients for human and animal nutrition, crop inputs, and personal care solutions.
• The funding was received from Woodside Energy Group, Ankur Capital, Dare Ventures, Redstart, and Zenfold Ventures.