Claymont Delaware based FabricNano is raising $12,499,935.00 in New Equity Investment.
Claymont, DE – According to filings with the U.S. Securities and Exchange Commission, FabricNano is raising $12,499,935.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Grant Aarons played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About FabricNano
Our goal is to replace all fermented and petrochemical products in the world with biomanufactured alternatives. Founded in late 2018 through the Entrepreneur First program, we are powering the bioindustrial revolution by enabling manufacturers to produce using the fundamental building blocks of life. Our team is developing a first-of-its-kind, DNA-based flow reactor to unlock the future of biochemistry. We have created a novel DNA-based flow reactor to produce biochemicals by engineering enzymes with the ability to bind directly to DNA. The use of DNA as a scaffold allows high spatial precision, while the ability of enzymes to attach anywhere along a string of DNA provides deep flexibility. Our FabricFlow reactor technology has reduced the cost of biomanufacturing through the introduction of a number of technical innovations that vastly improve the efficiency of the cell-free biomanufacturing process.
To learn more about FabricNano, visit http://www.fabricnano.com/
Contact:
Grant Aarons, Chief Executive Officer
914-703-0588
https://www.linkedin.com/in/grantaarons/
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