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C16 Biosciences
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Producer of sustainable, conflict-free palm oil using a fermentation process

Founded in 2017
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Company type Private Public ()
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Industry Group materials & chemicals

Sector fuels & chemicals

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters New York, NY New York, United States
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Updated by Cleantech Group on 03/13/2024

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01/26/2024
Elemental Excelerator Elemental Excelerator
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Confirmed by Elemental Excelerator
Incubation/Acceleration
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Date Investors Type Amount
01/26/2024 Bill & Melinda Gates Foundation Bill & Melinda Gates Foundation (1)
Post-money valuation of
Funding will be used to expand its platform by working with non-agriculturally derived feedstocks to produce food-grade oils and fats.
 Grant $3,500,000
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