“This funding was structured in three stages, including the realization of SAFE investment vehicles made prior to this closing, with the bulk of the capital being secured during the final stage earlier this month. In addition to the lead investor, existing investors also participated in the round,” Trendlines add.
The Trendlines Group (Trendlines) (SGX:42T
) announced that its portfolio company, Phytolon, has closed its US$23.6 million Series B financing to commercialise its natural food colours in the United States.
Trendlines says that the Series B financing round for Phytolon was led by a strategic investor, whose identity has not yet been disclosed.
