mk2 Biotechnologies Receives a Multi-Million Sum in Seed Funding
mk2 Biotechnologies announced the receipt of several million Euros in seed funding to accelerate the further growth of the company. In particular, the company thrives to accomplish additional development milestones towards industrializing its novel peptide production platform. The financing round was led by OCCIDENT, with significant funds also coming from primeCROWD and SeedBlink alongside co-financing from high net worth individuals.
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“mk2 Biotechnologies’ objective is to apply its unique platform approach for the synthesis and purification of authentic peptides at large scales which can be broadly applied in several market segments. Using our synthesis technology, we can exceed both the quality requirements and the cost expectations. The key to our process is that we were able to eliminate the existing bottlenecks of established technologies” said Dr. Sebastian Mangold, Managing Director and one of the three co-founders of mk2 Biotechnologies. “The funding committed by this experienced syndicate represents a further validation of our technology and reflects the recent development of the bioactives market. The funding will enable us to continuously improve our platform and ramp up our production in order to move our first product candidates towards the application in volume markets such as cosmetics, food & beverages, agriculture and pharmaceuticals.”
This fall, mk2 Biotechnologies will transfer its R&D facilities to the Innovation and Start-Up Center for Biotechnology in Martinsried (IZB), just outside of Munich, which will enable the targeted growth of team, operations and business.
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