SAN FRANCISCO, CA, Hyf√© today announced an oversubscribed $9 million seed investment led by Synthesis Capital.
Hyf√©, a company transforming food processing wastewater into feedstocks for biomanufacturing and clean water, today announced an oversubscribed $9 million seed investment led by Synthesis Capital. Additional participating investors include The Engine, Refactor Capital, Supply Change Capital, Overwater Ventures, X Factor Ventures and Alumni Ventures. The company's funding to date is $11 million, which includes an oversubscribed pre-seed round led by The Engine in April 2022. Hyf√© will use the new capital to advance select commercial partnerships, double its employee headcount, and progress towards pilot scale technology demonstration. Rosie Wardle, co-founder and partner at Synthesis Capital, will also join the company's Board of Directors.
Hyf√© creates the future feedstocks of biomanufacturing from nutrients lost in trillions of gallons of food processing wastewater. Their technology enables water reuse and lowers the cost of wastewater and water management at food manufacturing facilities while enabling abundant and underutilized waste streams to fuel the growth of the bioeconomy.
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