Colorcon Ventures Invests in Phytolon to Advance the Future of Natural Colorants
Colorcon Ventures, the corporate venture fund of Colorcon Inc., has invested in Phytolon, a startup company offering natural food coloring via precision fermentation of modified baker’s yeast.
“Colorcon is proud to make an investment in Phytolon, as they are well aligned with our focus on continued innovation and emerging technology,” stated Kelly Boyer, Vice President of Film Coatings and Strategic Business Development for Colorcon. “Since our founding, Colorcon has become a true leader in color science and color matching for film coatings in both pharmaceutical and nutraceutical applications. We applaud Phytolon for their innovative work, which has the potential to deliver high-performing, sustainable natural colors at scale, which would be a win for the industry.”
Halim Jubran, Phytolon’s co-founder and CEO, added “We are excited to have Colorcon Ventures join our existing strategic partners, including Rich’s, Ginkgo Bioworks and others, as we move to the commercialization stage. Colorcon’s strong formulation and regulatory expertise will be crucial as we validate expansion beyond the food sector into addressable markets, such as nutraceuticals and pharmaceuticals.”
Colorcon Ventures invests in this bridge round alongside existing investors in Phytolon, including NextGen Nutrition, Arkin Capital, Trendlines, EIT Food, Yossi Ackerman, Steve Dubin and another strategic investor that will be announced at a later stage.
Colorcon Ventures targets investments in transformational solutions for the pharmaceutical and nutraceutical industries across R&D, manufacturing, supply chain and the delivery of pharmaceutical products and services. Colorcon Ventures is the corporate venture fund of Colorcon Inc., a trusted design and development partner to over 4,500 pharmaceutical companies around the world, providing expertise to fast-track pharmaceutical formulation and manufacturing. For more information, please visit Colorcon Ventures.
Phytolon is focused on offering natural colors that comply with the consumers demand for clean label, healthy and sustainable food systems. Leveraging our novel fermentation-based production technology, we are committed to providing cost-efficient and sustainable solutions, while establishing robust supply to customers around the world. Phytolon’s portfolio currently includes multiple shades, covering the purple, pink, red, orange and yellow spectrum, targeting multiple categories in food and other markets. For more information, visit Phytolon.com.
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