Hyfé Raises $9 Million to Create Future Feedstocks for Biomanufacturing
Hyfé, a company transforming food processing wastewater into feedstocks for biomanufacturing and clean water, today announced an oversubscribed $9 million seed investment led by Synthesis Capital. Additional participating investors include The Engine, Refactor Capital, Supply Change Capital, Overwater Ventures, X Factor Ventures and Alumni Ventures. The company’s funding to date is $11 million, which includes an oversubscribed pre-seed round led by The Engine in April 2022. Hyfé will use the new capital to advance select commercial partnerships, double its employee headcount, and progress towards pilot scale technology demonstration. Rosie Wardle, co-founder and partner at Synthesis Capital, will also join the company’s Board of Directors.