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

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

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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