Octarine (Octarine Bio IVS) is a synthetic biology company that aims to develop psilocybin and cannabinoid derivatives. The company currently has $1.8 million in funding but hasn’t made (commercial) products.
“Using our unique biosynthetic platform we engineer microorganisms to produce a range of natural and novel cannabinoid and psilocybin derived molecules with improved pharmacokinetic and therapeutic properties.”
At the start of 2020, the company announced that they received (seed) funding from Oskare Capital and Bruce Linton (former CEO of Canopy Growth Cooperation). Previously they were part of the BioInnovation Institute’s Business Acceleration Academy-program (BAA-program).
In November they added money from the Danish State Growth Fund to this seed funding, totalling the funding at $1.8 million.
- Nethaji Gallage, CEO & Co-founder
- Nick Milne, CSO & Co-founder
- Maria Jesus
- Victor Forman
Nick Milne previously worked as a postdoc at DTU Biosustain (The Novo Nordisk Foundation Center for Biosustainability) and Octarine was spun out from here.
- European synthetic biology company Octarine raises $1.8M USD in funding and enters pre-clinical studies with novel-improved- cannabinoid and psychedelic derivatives (press release, November 2020)
- Psychedelic compound from magic mushrooms produced in yeast (Phys.org, April 2020)
- European synthetic biology company Octarine receives funding to develop biosynthetic platform for cannabinoid and psilocybin derivatives (Press Release, January 2020)
- Biotech start-up targets billion-dollar market by producing superior cannabinoids in yeast (DTU.dk, June 2019)