• Skip to main content
  • Skip to primary sidebar

Biotech Food Colorant Startup Phytolon Closes $14.5 Million Series A Funding Round, Led by DSM Venturing

Asia Food Journal
  • Home
  • Latest News
  • Channels
    • Packaging
    • Processing
    • Ingredients
    • Industry
    • Automation
    • Guest Posts
    • Market Trends
  • Subscribe
  • Advertise
  • Event Calendar
  • Contact Us
    • Submit Guest Posts
Share
Leaderboard of Asia Food Journal




Biotech Food Colorant Startup Phytolon Closes $14.5 Million Series A Funding Round, Led by DSM Venturing

July 19, 2022 by Asia Food Journal

food colorant startup

Courtesy of Phytolon

YOKNEAM ILLIT, Israel, July 7, 2022 /PRNewswire/ — Phytolon, a developer of fermentation-based natural food colors, announced today it had secured $14.5 million in funding, led by DSM Venturing, to further progress its technology towards commercialization, with participation from Cibus Fund, Ginkgo Bioworks (in-kind investment in the form of Foundry services) and The Trendlines Agrifood Fund. Participation in this Series A also includes some of Phytolon’s current shareholders: The Trendlines Group (the largest shareholder in the company), Arkin Holdings, Millennium Foodtech, Agriline (administered by Consensus Business Group), Stern Tech, and OpenValley/Yossi Ackerman.

Phytolon’s proprietary technology is based on licensed technology from the Weizmann Institute of Science (Israel) and addresses the need for healthy, efficient, and sustainable natural food-coloring alternatives to azo/synthetic dyes used in food and beverages.

Leaderboard of Asia Food Journal

Current natural food colors are agriculture-dependent and mostly derived from fruit and vegetables. Phytolon leverages a novel technology to produce betalain pigments by fermentation of baker’s yeast. Phytolon offers a wide range of natural colors from yellow to purple, at competitive coloring performance and cost-in-use, for multiple food categories like alternative meat, dairy, frozen products, baked goods, confectionery, and snacks.

Phytolon’s technology has already reached a semi-industrial production scale, and the company has prepared the ground for regulatory clearances in the USA and Europe.

Dr. Halim Jubran, Co-founder and CEO of Phytolon, said: “The investments of DSM Venturing, Cibus Fund, and Ginkgo Bioworks open the door for broad penetration of our products in the global food industry.  We are excited to have new investors who share our vision to create healthy, efficient, and sustainable food systems via biotechnology.”

Phytolon’s Board of Directors is chaired by Steve Dubin, who played a pivotal role in directing Phytolon through this financing round.  Mr. Dubin has worked with several biotechnology/nutrition companies including as CEO of Martek Biosciences (acquired by DSM in 2011), as Chairman of Enzymotec, and as Senior Advisor to DSM (until 2012). Commenting on the transaction, Mr. Dubin added: “I believe this investment round and DSM’s participation in Phytolon will accelerate the commercialization of Phytolon’s proprietary palette of sustainable food colors that will provide important benefits to both food producers and consumers.”

About Phytolon:

Phytolon is an Israel-based biotechnology startup company that is taking food coloring to the next level by leveraging a novel technology to produce natural pigments via precision fermentation of yeast. Phytolon is supported by partners such as The Trendlines Group (SGX: 42T) (OTCQX: TRNLY), DSM Venturing, Cibus Fund, Ginkgo Bioworks, Millennium Foodtech, The Trendlines Agrifood Fund, EIT-Food, Agriline (administered by Consensus Business Group), Arkin Holdings, Yossi Ackerman, and others.  For more information, visit www.phytolon.com

About DSM Venturing:

DSM Venturing is the corporate venture arm of Royal DSM –a global, purpose-led company in Health, Nutrition & Bioscience, applying science to improve the health of people, animals, and the planet. DSM’s purpose is to create brighter lives for all. DSM’s products and solutions address some of the world’s biggest challenges while simultaneously creating economic, environmental, and societal value for all its stakeholders – customers, employees, shareholders, and society at large. The company was founded in 1902 and is listed on Euronext Amsterdam.

Visited 1 times, 1 visit(s) today

Other Topics: healthy ingredients, Ingredients, natural ingredients, Series A funding

Related Articles

  • ModulaSENSE

    Courtesy of dsm-firmenich

    dsm-firmenich launches new ModulaSENSE® maskers: unlocking the full potential of Vertis™ CanolaPRO® in ready-to-mix drinks and protein bars
  • Immersive Experience Hub

    Courtesy of IFF

    IFF expands innovation center in Singapore with new immersive experience hub 
  • Euromed Ecovadis

    Courtesy of Euromed

    Recognition for outstanding sustainability and ethical credentials
  • Genu-in

    Courtesy of Brenntag Nutrition

    Brenntag Nutrition signs distribution agreement with Genu-in for collagen peptides and gelatin solutions in Asia Pacific 
  • Exotica UMami

    Courtesy of Exotica Umami

    Hong Kong’s revolutionary sauce EXOTICA UMAMI [EX M] stuns industry professionals with its instant boost to flavour, texture, and seasoning
  • FFC approval

    Courtesy of Balchem

    OptiMSM® to become first MSM to be recognized as a food with functional claims (FFC) in Japan
Leaderboard of Asia Food Journal

Primary Sidebar

Stay Connected

Your browser does not support the video tag. Learn More

Trending News

  • Inspection technologyTethered caps: KHS optimizes its inspection… Tethered caps have been mandatory for all non-returnable PET bottles…
  • Euromed EcovadisRecognition for outstanding sustainability and… Euromed, a leading producer of botanical ingredients, has once again…
  • mega prime foodsMega Prime Foods turns 50 with growth plans and… Maker of country’s #1 sardines brand, Mega Sardines, sets sights…
  • greatviewGreatview operates aseptic carton packaging facility… Greatview, a leading global supplier of aseptic carton packaging solutions,…
  • Bem BrasilBem Brasil optimises storage for 500,000 tonnes of… Bem Brasil is the leading producer of pre-fried frozen chips…
  • Restaurant Asia 2025Restaurant Asia 2025: F&B industry gathers at… Co-organised by the Restaurant Association of Singapore (RAS) and IEG…
  • Genu-inBrenntag Nutrition signs distribution agreement with… Distribution agreement spans Australia, Indonesia, Malaysia, the Philippines, South Korea,…

Subsribe to Our News Letter

Subscribe To
Our Newsletter


By submitting this form, you consent to receive marketing emails from Asia Food Journal. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

© 2025 Harvest Information. All rights reserved. Privacy Policy.

Become an F&B industry insider

Your go-to resource for all the latest trends, innovations, and news about the food and beverage industry!

 

By submitting this form, you consent to receive marketing emails from Asia Food Journal. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

Disclaimer: Translations on this website are automated using Google Translate. While we strive for accuracy, please be cautious, as machine translations may contain errors. For critical or sensitive content, consider seeking professional human translation. We are not liable for any reliance on the translated content.