Comet Bio: Raises $22M in Series C Funding

Comet Bio Raises $22M in Series C Funding

• Comet Bio, a London, Ontario CA- and Schaumburg, Illinois-based food technology company, raised $22M in Series C funding
• The round was led by Open Prairie with participation from Louis Dreyfus Company (LDC), BDC Capital, Sofinnova Partners
• The company intends to use the funds to meet the market demand for its ingredients
• Led by Rich Troyer, CEO, Comet Bio makes sustainable products using its patented upcycling technology
• Its Arrabina Arabinoxylan Plant Fiber Extract is a premium prebiotic dietary fiber, which is clinically proven to promote growth of beneficial bacteria in the gut
• The company’s line of Sweeterra syrups is a sustainable and lower sugar alternative to traditional sweeteners with no trade-offs in taste and performance