Triangle Inno: Growing RTP spin-out raises $24M for sweetener product

February 15, 2023

male scientist grabbing for plants in a labA company in Research Triangle Park has raised $24.5 million to support its efforts to develop plant-based sweeteners and prevent crop extinction.

Existing investors, including including Accelr8, Novo Holdings and DCVC Bio, led the Series A round for Elo Life Systems. The funding will support the company’s growth as it expands in RTP and moves its food ingredient programs forward.

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