Synthetic Biology Company “Jiao Zhi Wu” Completes $20 Million Series A Financing

On June 4, GrabFood Hero (Guangdong) Food Technology Co., Ltd.’s brand “Jiao Zhi Wu” completed a $20 million Series A financing by selling 15% of its equity. This round of financing was led by XRATRACER FUND, with participation from WVV Capital and Lauxera Capital Partners. The funds raised will primarily be used for product research and development, team expansion, and market expansion. “Jiao Zhi Wu” is a food biotechnology company dedicated to the research and development of functional active peptides, biopharmaceutical intermediates, functional food ingredients, and nutrition and health products, as well as future synthetic biology product development and supporting industries. It is an innovative high-tech enterprise that integrates scientific research, production, marketing, and health services. (Source: 36Kr)

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