A Danish biotechnology startup making sustainable dyes for the fashion industry just raised 3.4 million euros ($4.6 million).
Octarine Bio started out focusing on cannabinoid and psilocybin-derived therapeutics but has since pivoted to natural dyes.
On top of that, natural dyes don't always work well with synthetic fabrics such as polyester and nylon.
"This is a huge value inflection point" as Octarine Bio's colors are scalable thanks to fermentation and work well on synthetic fabrics, Gallage said.
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Persons:
Octarine, Nethaji Gallage, Gallage
Organizations:
Nordic, Unconventional Ventures, Óskare Capital, Firm, bioscience, Dsm
Locations:
Danish, Copenhagen