London-based AI bioprocess simulation software startup New Wave Biotech has raised €1.2 million in its latest funding round through a mix of equity and grant funding to expand its existing team and explore new markets and customers. Investors include EIT Food (supported by the European Institute of Innovation and Technology) and Innovate UK (part of UK Research and Innovation). Zoe Yu Tung Law, CEO and Co-Founder at New Wave Biotech commented: “Access to healthy and sustainable food should be a universal right but current food production processes are harmful to the environment and threatened by climate change. From alternative proteins to biochemicals and biomaterials, bioproduction has the potential to transform our food system and supply chains for a more sustainable future. We are on a mission to accelerate these crucial technologies from lab to market. This money will be integral for us to achieve this by investing in our people, building our technology and growing our customer base.”

Full story : New Wave Biotech raises €1.2 million to transform R&D in synbio and alt protein production.