Bio-manufacturing

Bringing the promise of reengineering life to life

Last updated: 27 Oct 2022

Market 101

Biology may once have been a black box of processes that were hard to understand and even harder to manipulate. But advances in gene sequencing and DNA synthesis tech have turned biological engineering into a reality. As a result, the growing field of biomanufacturing seeks to replace synthetic, energy-intensive processes with natural reactions that can help us boost food production, fight disease, clean water or gobble up carbon dioxide.

Whether they’re developing new materials to rival plastic or growing animal cells from scratch, a host of new startups is rising to the opportunity. But the scale of the industry’s potential to transform manufacturing is matched by the challenge of bringing new technologies to market. From addressing concerns around security to ramping up capacity for scaling, there remains lots to do to bring the promise of reengineering life to life.

Early stage market map

Key facts

60

% of the global economy’s physical inputs that could, in theory, be produced biologically1

$4tn

estimated annual worth of biomanufacturing over the next 20 years2

$600

cost of sequencing a genome for researchers (down from $10k 10 years ago)3

Startups tracked by Sifted

Sifted take

The single biggest challenge facing the industry is the lack of industrial bioreactors, which are crucial for startups to drive down their production costs and demonstrate that their technologies can be translated from the lab to industrial scale. Solving this shortage will require a new network of companies providing the facilities where others can scale their novel products.

Rising stars

Planetary

Enabler

Manufacturing

Total funding

€10m

Cologny, Switzerland
2021

Designs and operates bioreactors for precision fermentation companies to scale their products. Cofounder David Brandes previously ran cultured fat startup Peace of Meat, which was acquired by Israeli foodtech MeaTech.

Round

Seed


Date

2022

Size

€10m

Insempra

Consumer

Total funding

€12m

Planegg/Martinsried, Germany
2021

Backed by the likes of EQT Ventures, Acequia Capital and angels Taveet Hinrikus and Sten Tamkivi, Insempra harnesses precision fermentation to produce customised outputs for customers in sectors like cosmetics, food and new fibers.

Round

Seed


Date

2021

Size

€12m

GenoMines

Agriculture

Total funding

€4.5m

Paris, France
2021

Enhances plants’ ability to extract metals from mining waste streams. The two cofounders met through Entrepreneur First.

Round

Seed


Date

2021

Size

€4.3m

Early stage startups to watch

Animal Alternative Technologies (AAT)

Cambridge, United Kingdom
2020
Seed

3.7m

3.5m

-

Arkeon

Vienna, Austria
2021
Seed

6.5m

6.5m

-

Better Nature

London, United Kingdom
2020
Seed

2.8m

1.8m

-

Biomatter

Vilnius, Lithuania
2018
Seed

500k

500k

-

Bloom Biorenewables

Marly, Switzerland
2019
Seed

7.6m

2.5m

-

Bluu Seafood

Berlin, Germany
2020
Seed

7.2m

7m

-

CellRev

Newcastle upon Tyne, United Kingdom
2018
Seed

3.9m

2.1m

-

CELLUGY

Aarhus, Denmark
2018
Grant

4.9m

2.4m

-

Cytoseek

Bristol, United Kingdom
2017
Seed

5.5m

4.2m

-

EV Biotech

Groningen, Netherlands
2018
Lending Capital

2.3m

500k

20m

EVERZOM

Paris, France
2019
Grant

2.8m

1.7m

-

Extracellular

Bristol, United Kingdom
2022
Pre-seed

1.2m

500k

-

GenoMines

Paris, France
2021
Seed

4.5m

4.3m

-

Glaia

Bristol, United Kingdom
2019
Seed

1.5m

1.2m

-

Insempra

Planegg/Martinsried, Germany
2021
Seed

12m

12m

-

Libre foods

Barcelona, Spain
2020
Seed

2.8m

2.5m

-

MagicCaviar- by Geneusbiotech B.V.

Amsterdam, Netherlands
2019
Pre-seed

2.5m

2.5m

8m

MiAlgae Ltd

Edinburgh, United Kingdom
2016
Seed

5m

2.8m

-

NoMoMoo by Vegan Gourmet

Otopeni, Romania
2018
Bootstrapped

10k

30k

150k

Phytoform Labs Inc

St Albans, United Kingdom
2017
Seed

6.8m

5.2m

-

Planetary

Cologny, Switzerland
2021
Seed

10m

10m

-

Scindo

London, United Kingdom
2020
Seed

1.1m

797k

-

Shellworks

London, United Kingdom
2019
Seed

7.3m

6m

-

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