Chromologics is a Danish biotech spin-out from the Technical University of Denmark. We have developed a fungal biotech platform for the production of novel, natural colorants.
Our proprietary fermentation process allows us to be first movers to introduce lab-grown food colorants to the market.
Our production is sustainable, scalable and cost-competitive. Unlike other existing natural colors, our colorants are not extracted from high value raw materials like fruit and vegetables, but produced by our wild type cell factory.
Our fungal strains are non-GMO and our pigments are compatible with most dietary needs, including kosher, halal, and vegan diets.
Sustainable colors made by nature.
ChromoRed is the first in a new generation of colorants. It is the food colorant of the future. ChromoRed is novel and unique. ChromoRed is natural. It will replace current natural red food colorants like carmine and betanin.
ChromoRed performs excellent over a broad range of pH values and under high temperature treatment. By using ChromoRed, there is no consumer restriction as our colorant is compatible with vegan, kosher and halal diets.
By using ChromoRed, your food product will look appealing every step of the way while helping for a more sustainable future. ChromoRed is produced by biotech. Unlike other natural colorants, the production of ChromoRed is independent of harvest seasons.
Due to its high color intensity, ChromoRed has a lower cost-in-use than carmine and betanin.
Copenhagen, Denmark, 01 September 2020
Funding Enables Accelerated Development of Fermentation-Derived Next Generation Food Colorants
Flagship Product Targeting 2$ Billion Market Opportunity for the Food Industry
Chromologics, which is developing innovative natural food colorants, today announces it has raised €1.9 M in seed financing led by Novo Seeds and supported by Nordic FoodTech VC and Vækstfonden. Chromologics just recently won the Bioacceleration Academy Award from the BioInnovation Institute in Denmark.
Chromologics, a spin-out from the Technical University of Denmark, is set to change how natural colorants are produced. The company has developed a fermentation-based color platform for production of ChromoColors, its high-performing and sustainable food colorants. The funds will enable Chromologics to accelerate development and regulatory approval of ChromoRed, its flagship food colorant.
ChromoRed has the potential to be the first natural colorant that is exclusively produced by sustainable fermentation processes, instead of being extracted from plants or animals. Consumer awareness over food ingredients, the rise in veganism and the importance of more sustainable eating habits, has led to a re-evaluation of food manufacturing. ChromoRed is targeting a very significant market opportunity in excess of $2 billion, in an area of high consumer and industry demand. ChromoRed’s unique performance has been validated by leading players in the industry, and Chromologics is in ongoing discussions with a number of commercial partners to expand the collaboration.
Gerit Tolborg, Chief Executive Officer of Chromologics, said: “We are very pleased to welcome these strong and experienced investors to Chromologics. Their support provides validation for our strategy to develop better and more sustainable food colorants. They recognize the extraordinary economic opportunity in introducing lab-grown food colorants to the market at a time where alternative meats and food safety is a high consumer demand. This investment will allow us to accelerate the development of our flagship product ChromoRed and maximize the potential of our platform as we develop food colorants that meet the needs of industry and consumers.”
Thomas Grotkjær, Principal at Novo Seeds, added: “Our mission at Novo Seeds is to identify disruptive technologies, enable entrepreneurs to build companies and bring them to real inflection points. Chromologics has an excellent team which has developed a truly innovative platform with the potential to transform how natural colorants are developed. There is enormous demand from industry and consumers for these high quality and sustainable products and we have already had significant commercial interest from partners.”
BIOTECHNOLOGY COMPANY OF THE YEAR - DENMARK 2020
RECEIVES INNOBOOSTER GRANT TO ACCELERATE COMMERCIALIZATION
Chromologics receives Innobooster Grant with the aim of accelerating commercialization of ChromoRed. This includes scaling to industrial size, initiation of regulatory approval and the creation of different formulations catering to the individual needs of the food companies.
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