Cellibre Inc., a San Diego, CA-based sustainable manufacturing technology company, closed an $11.5m Series A financing.
The round was led by Merida Capital Holdings with participation from Cellibre company founders, as well as, Scott Gordon, Flatiron Venture Partners, L2V, Entourage Effect Capital, and Delta Emerald Ventures.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Ben Chiarelli, founder and chief executive officer, Dr. Nicky Caiazza, founder and chief scientific officer, Founded in 2017, Cellibre is a sustainable manufacturing technology company that employs an organism-agnostic approach to turn cells into specialized, sustainable factories for the manufacture of globally significant products at scale. The company’s initial strategic focus will be deploying its expertise to enable the production of pharmaceutical-grade cannabinoids.