C16 Biosciences

C16 Biosciences

Produces sustainable ingredients for consumer goods

About

C16 Biosciences creates sustainable ingredients for consumer goods, focusing on the beauty, personal care, home care, and food product markets. The company uses a unique biomanufacturing platform to produce ingredients that perform well while being environmentally friendly. This method helps tackle issues like supply and price instability, as well as the rising demand for sustainable products from consumers and regulators. C16 Biosciences primarily serves consumer goods manufacturers, providing them with high-quality ingredients that meet the increasing consumer preference for effective and eco-friendly products. Operating on a B2B model, the company sells its biodesigned ingredients to these manufacturers, who then incorporate them into their products. C16 Biosciences aims to decarbonize consumer products, supporting both the planet's health and the needs of its clients.

Company Stage

Grant

Employees

11-50

Industries

Biotechnology, Consumer Goods

Total Funding

$32.6M

Headquarters

New York City, New York

Founded

2018


Simplify Jobs

Simplify's Take

What believers are saying

  • C16 Biosciences' innovative Palmless™ platform addresses the growing consumer and regulatory demand for sustainable products, offering significant market potential.
  • The company's recent funding and grants will enable it to expand its capabilities and hire additional R&D staff, fostering innovation and growth.
  • Partnerships with organizations like ScaleUp Bio provide strategic advantages for scaling production and entering new markets, particularly in Asia.

What critics are saying

  • The high cost of biomanufacturing and fermentation processes could limit the company's ability to compete on price with traditional ingredients.
  • Dependence on continued funding and grants poses a risk if financial support diminishes.

What makes C16 Biosciences unique

  • C16 Biosciences leverages a proprietary biomanufacturing platform to produce sustainable, high-performance ingredients, setting it apart from traditional ingredient suppliers.
  • The company's focus on creating alternatives to palm oil, a major environmental concern, positions it uniquely in the biotechnology sector.
  • Significant backing from high-profile investors like the Bill & Melinda Gates Foundation underscores its credibility and potential for impact.

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Growth & Insights
Headcount

6 month growth

-12%

1 year growth

-8%

2 year growth

-22%

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