IndieBio

IndieBio, established in 2014, is a San Francisco-based accelerator firm specializing in Synthetic Biology. It runs intensive four-month programs for early-stage companies and teams with innovative biological concepts. IndieBio invests in seed and early-stage startups globally, focusing on those that use biology as their core technology to solve real-world problems. The firm typically invests $250k, with an initial cash investment of $50k in exchange for an 8% equity stake. It prefers teams with at least two co-founders. IndieBio was the world's first accelerator dedicated to biology-based startups, aiming to address global challenges through innovative biotechnology.

Arvind Gupta

Founder

Parikshit Sharma

Partner

Past deals in FMCG

Farm Minerals

Seed Round in 2024
Farm Minerals is a pioneering agricultural company that produces innovative, emissions-free NPK fertilizers at market prices, without compromising on quality or cost. Utilizing proprietary carbon capsule technology, the company enhances nutrient bioavailability, boosting efficiency up to 100 times compared to traditional inputs. By avoiding the Haber-Bosch process, Farm Minerals eliminates CO₂ emissions, reduces nutrient runoff, and minimizes waste. Its product line combines essential macro and microelements, promoting crop performance and animal health, and contributing to sustainable, high-yield agriculture.

Farm Minerals

Seed Round in 2024
Farm Minerals is a pioneering agricultural company that produces innovative, emissions-free NPK fertilizers at market prices, without compromising on quality or cost. Utilizing proprietary carbon capsule technology, the company enhances nutrient bioavailability, boosting efficiency up to 100 times compared to traditional inputs. By avoiding the Haber-Bosch process, Farm Minerals eliminates CO₂ emissions, reduces nutrient runoff, and minimizes waste. Its product line combines essential macro and microelements, promoting crop performance and animal health, and contributing to sustainable, high-yield agriculture.

NuKoKo

Seed Round in 2024
NuKoKo is a manufacturer that specializes in creating cocoa-free chocolate through innovative bean-to-bar processes. The company utilizes ingredients sourced from the UK and has developed patent-pending technology to produce a new type of chocolate that is healthier and more sustainable than traditional options. NuKoKo's products are characterized by low carbon emissions, low sugar content, and high protein levels, allowing consumers to enjoy chocolate while minimizing environmental impact. The focus on healthier, sustainable alternatives positions NuKoKo as a unique player in the chocolate industry, appealing to environmentally conscious consumers.

Voyage Foods

Series A in 2023
Voyage Foods is a company dedicated to securing the future of beloved foods by addressing health, environmental, and social challenges. Through the use of natural, sustainable, and upcycled ingredients combined with proprietary technology and food science, Voyage creates delicious alternatives that mimic the taste and appearance of traditional foods without compromising on nutrition or sustainability. Their initial product lines include nut-free spreads, cocoa-free chocolate, and bean-free coffee, offering consumers a way to enjoy their favorite treats responsibly.

NuKoKo

Convertible Note in 2023
NuKoKo is a manufacturer that specializes in creating cocoa-free chocolate through innovative bean-to-bar processes. The company utilizes ingredients sourced from the UK and has developed patent-pending technology to produce a new type of chocolate that is healthier and more sustainable than traditional options. NuKoKo's products are characterized by low carbon emissions, low sugar content, and high protein levels, allowing consumers to enjoy chocolate while minimizing environmental impact. The focus on healthier, sustainable alternatives positions NuKoKo as a unique player in the chocolate industry, appealing to environmentally conscious consumers.

NuKoKo

Seed Round in 2023
NuKoKo is a manufacturer that specializes in creating cocoa-free chocolate through innovative bean-to-bar processes. The company utilizes ingredients sourced from the UK and has developed patent-pending technology to produce a new type of chocolate that is healthier and more sustainable than traditional options. NuKoKo's products are characterized by low carbon emissions, low sugar content, and high protein levels, allowing consumers to enjoy chocolate while minimizing environmental impact. The focus on healthier, sustainable alternatives positions NuKoKo as a unique player in the chocolate industry, appealing to environmentally conscious consumers.

NuKoKo

Pre Seed Round in 2023
NuKoKo is a manufacturer that specializes in creating cocoa-free chocolate through innovative bean-to-bar processes. The company utilizes ingredients sourced from the UK and has developed patent-pending technology to produce a new type of chocolate that is healthier and more sustainable than traditional options. NuKoKo's products are characterized by low carbon emissions, low sugar content, and high protein levels, allowing consumers to enjoy chocolate while minimizing environmental impact. The focus on healthier, sustainable alternatives positions NuKoKo as a unique player in the chocolate industry, appealing to environmentally conscious consumers.

West Bourne

Seed Round in 2022
West Bourne is a producer of a zero-waste packaged goods brand focused on providing sustainable and high-quality food products. The company offers a diverse range of snacks, baking mixes, and flavorful sauces, all made from organic ingredients sourced from farms that practice regenerative agriculture. West Bourne is committed to environmental responsibility, utilizing plastic-free and biodegradable packaging to minimize waste. By prioritizing sustainability and health, the company empowers consumers to make informed choices about their food.

Plantruption

Seed Round in 2022
Plantruption builds a brand of sustainability to develop products using seaweed and microalgae. The company is on a mission to create the first plant-based seafood. It researches and collaborates with universities and food technologists to provides Plant-based seafood that’s close in taste and texture to the real deal. Plant-based seafood provides a host of environmental benefits, including alleviating pressures on rapidly depleting fisheries, providing relief to fragile ocean ecosystems, reducing the impact of fishing nets on the ocean plastic problem, and reducing production emissions. The company was founded in 2019 in Dublin, Dublin.

Voyage Foods

Series A in 2022
Voyage Foods is a company dedicated to securing the future of beloved foods by addressing health, environmental, and social challenges. Through the use of natural, sustainable, and upcycled ingredients combined with proprietary technology and food science, Voyage creates delicious alternatives that mimic the taste and appearance of traditional foods without compromising on nutrition or sustainability. Their initial product lines include nut-free spreads, cocoa-free chocolate, and bean-free coffee, offering consumers a way to enjoy their favorite treats responsibly.

New Culture

Series A in 2021
New Culture Inc. is a food and beverage company based in San Francisco, California, specializing in the production of animal-free cheese. Founded in 2018, the company utilizes microflora to create dairy proteins and a variety of cheese products that are sustainable, healthy, and ethical. By focusing on innovative methods to produce cheese without animal ingredients, New Culture aims to reduce dependency on traditional dairy sources, offering consumers a delicious alternative that aligns with a more sustainable lifestyle.

Sundial Foods

Seed Round in 2021
Sundial Foods is a Berkeley, California-based company founded in 2019 that specializes in creating plant-based meat alternatives aimed at conscious consumers. Utilizing a combination of macro and microstructural engineering, Sundial Foods focuses on developing natural, plant-based meats that closely mimic the look, cooking characteristics, and taste of traditional meat. The company is dedicated to making these alternatives affordable and accessible, using familiar ingredients and straightforward production processes. Its mission centers on reducing meat consumption while mitigating the environmental impact associated with meat production, thereby providing sustainable options for consumers seeking healthier dietary choices.

Plantruption

Seed Round in 2021
Plantruption builds a brand of sustainability to develop products using seaweed and microalgae. The company is on a mission to create the first plant-based seafood. It researches and collaborates with universities and food technologists to provides Plant-based seafood that’s close in taste and texture to the real deal. Plant-based seafood provides a host of environmental benefits, including alleviating pressures on rapidly depleting fisheries, providing relief to fragile ocean ecosystems, reducing the impact of fishing nets on the ocean plastic problem, and reducing production emissions. The company was founded in 2019 in Dublin, Dublin.

Plantruption

Convertible Note in 2021
Plantruption builds a brand of sustainability to develop products using seaweed and microalgae. The company is on a mission to create the first plant-based seafood. It researches and collaborates with universities and food technologists to provides Plant-based seafood that’s close in taste and texture to the real deal. Plant-based seafood provides a host of environmental benefits, including alleviating pressures on rapidly depleting fisheries, providing relief to fragile ocean ecosystems, reducing the impact of fishing nets on the ocean plastic problem, and reducing production emissions. The company was founded in 2019 in Dublin, Dublin.

Sundial Foods

Seed Round in 2021
Sundial Foods is a Berkeley, California-based company founded in 2019 that specializes in creating plant-based meat alternatives aimed at conscious consumers. Utilizing a combination of macro and microstructural engineering, Sundial Foods focuses on developing natural, plant-based meats that closely mimic the look, cooking characteristics, and taste of traditional meat. The company is dedicated to making these alternatives affordable and accessible, using familiar ingredients and straightforward production processes. Its mission centers on reducing meat consumption while mitigating the environmental impact associated with meat production, thereby providing sustainable options for consumers seeking healthier dietary choices.

Sundial Foods

Convertible Note in 2021
Sundial Foods is a Berkeley, California-based company founded in 2019 that specializes in creating plant-based meat alternatives aimed at conscious consumers. Utilizing a combination of macro and microstructural engineering, Sundial Foods focuses on developing natural, plant-based meats that closely mimic the look, cooking characteristics, and taste of traditional meat. The company is dedicated to making these alternatives affordable and accessible, using familiar ingredients and straightforward production processes. Its mission centers on reducing meat consumption while mitigating the environmental impact associated with meat production, thereby providing sustainable options for consumers seeking healthier dietary choices.

Plantruption

Seed Round in 2021
Plantruption builds a brand of sustainability to develop products using seaweed and microalgae. The company is on a mission to create the first plant-based seafood. It researches and collaborates with universities and food technologists to provides Plant-based seafood that’s close in taste and texture to the real deal. Plant-based seafood provides a host of environmental benefits, including alleviating pressures on rapidly depleting fisheries, providing relief to fragile ocean ecosystems, reducing the impact of fishing nets on the ocean plastic problem, and reducing production emissions. The company was founded in 2019 in Dublin, Dublin.

NotCo

Series C in 2020
NotCo is a food technology company based in Macul, Chile, founded in 2015. The company specializes in creating plant-based alternatives to traditional animal-based products, including mayonnaise, milk, yogurt, dressings, and desserts. Utilizing artificial intelligence, NotCo develops innovative food systems that replicate the taste, texture, color, and aroma of meat and dairy products while employing ingredients such as pineapple, coconut, cabbage, peas, bamboo, beets, chickpeas, and various seeds. By doing so, NotCo provides consumers with nutritious options that offer fiber, calcium, and protein derived from vegetables, making its products available through various retailers in Chile.

New Culture

Pre Seed Round in 2019
New Culture Inc. is a food and beverage company based in San Francisco, California, specializing in the production of animal-free cheese. Founded in 2018, the company utilizes microflora to create dairy proteins and a variety of cheese products that are sustainable, healthy, and ethical. By focusing on innovative methods to produce cheese without animal ingredients, New Culture aims to reduce dependency on traditional dairy sources, offering consumers a delicious alternative that aligns with a more sustainable lifestyle.

NotCo

Series B in 2019
NotCo is a food technology company based in Macul, Chile, founded in 2015. The company specializes in creating plant-based alternatives to traditional animal-based products, including mayonnaise, milk, yogurt, dressings, and desserts. Utilizing artificial intelligence, NotCo develops innovative food systems that replicate the taste, texture, color, and aroma of meat and dairy products while employing ingredients such as pineapple, coconut, cabbage, peas, bamboo, beets, chickpeas, and various seeds. By doing so, NotCo provides consumers with nutritious options that offer fiber, calcium, and protein derived from vegetables, making its products available through various retailers in Chile.

NotCo

Series A in 2017
NotCo is a food technology company based in Macul, Chile, founded in 2015. The company specializes in creating plant-based alternatives to traditional animal-based products, including mayonnaise, milk, yogurt, dressings, and desserts. Utilizing artificial intelligence, NotCo develops innovative food systems that replicate the taste, texture, color, and aroma of meat and dairy products while employing ingredients such as pineapple, coconut, cabbage, peas, bamboo, beets, chickpeas, and various seeds. By doing so, NotCo provides consumers with nutritious options that offer fiber, calcium, and protein derived from vegetables, making its products available through various retailers in Chile.

NotCo

Seed Round in 2017
NotCo is a food technology company based in Macul, Chile, founded in 2015. The company specializes in creating plant-based alternatives to traditional animal-based products, including mayonnaise, milk, yogurt, dressings, and desserts. Utilizing artificial intelligence, NotCo develops innovative food systems that replicate the taste, texture, color, and aroma of meat and dairy products while employing ingredients such as pineapple, coconut, cabbage, peas, bamboo, beets, chickpeas, and various seeds. By doing so, NotCo provides consumers with nutritious options that offer fiber, calcium, and protein derived from vegetables, making its products available through various retailers in Chile.

Ardra Bio

Seed Round in 2016
Ardra Inc. is a renewable chemicals company based in Toronto, Canada, specializing in the production of petroleum-free specialty chemicals for the personal care and cosmetics industry. Utilizing technology developed at the University of Toronto, Ardra employs model-guided metabolic engineering and synthetic biology to create biocatalysts that convert renewable resources into essential chemicals. The company's flagship product is 1,3-butanediol, a sustainable alternative to petroleum-based counterparts, which is utilized in various applications including cosmetics, food, polymers, and pharmaceuticals. With the cosmetics sector relying heavily on petroleum chemicals, valued at approximately $2.6 billion, Ardra aims to provide environmentally friendly solutions that stabilize and sustain the supply chain while reducing ecological impact.
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