Funding Round for Biotech Start-Up Abolis By L'Oreal and Evonik
Funding Round Announcement
Abolis, a French start-up specializing in biotechnology, recently secured a significant funding round of $38.6 million. This funding was prominently supported by major industry players L'Oreal and Evonik, reflecting a broader trend towards investing in innovative biotech solutions.
About Abolis
Located in the Genopole in Evry, south of Paris, Abolis leverages micro-organisms for various applications. Since its inception in 2014, the company has raised a total of $1.1 million to date, demonstrating commitment towards sustainable and innovative biological research.
Future Implications
- This funding marks a crucial step for Abolis in expanding its research capabilities.
- It emphasizes the increasing relevance of biotech start-ups in addressing modern challenges.
- The involvement of industry giants like L'Oreal and Evonik adds credibility and resources to Abolis's mission.
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