PE Fund Investments
String Bio raises $20-M in first close of Series B round
Dare Ventures, the venture capital arm of publicly listed Murugappa Group firm Coromandel International, has invested in Bengaluru-based biotech startup String Bio alongside Woodside Energy Group and existing investors Ankur Capital, Redstart and Zenfold Ventures. The investment was part of the USD 20 million first close of the Series B fund raise. String leverages advances in biology, fermentation technology, chemistry, and process engineering to convert methane (a highly potent green-house gas) into products and ingredients for agriculture, animal & human nutrition, and personal care sectors.
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