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C16 Biosciences: Receives $20M From Bill Gates Led Energy Venture | Fintech InShorts: Latest fintech news, analysis by experts

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C16 Biosciences: Receives $20M From Bill Gates Led Energy Venture

By Steve Sam

March 6, 2020

C16 Biosciences: Receives $20M From Bill Gates Led Energy Venture

C16 Biosciences, a NewYork-based palm oil startup, has lifted $20 million from Energy Ventures led by Bill Gates
With this investment, C16 is also aiming to multiply its team size and bring in new technology
C16 Biosciences founded by David Heller, Harry McNamara, and Shara Ticku in 2017
It is a palm oil startup that also uses a dynamic innovation to make palm oil from waste food and industrial products
Today, sustainable Palm oils are available in many places, but the production of palm oil is less
Considering this scenario, C16 Biosciences came into the palm oil sector to experiment with something different

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