Lipids are fatty, waxy or oily compounds that typically come in the form of fats and oils. As a result, they are heavily used in the production of beauty products, as well as in fashion and food industries. Right now, most lipids come from environmentally problematic petrochemicals. But new processes mean it’s possible to make lipids from organic materials.
That’s the idea of German startup Insempra, which plans to turn oil yeast in lipids on an industrial scale using yeast fermentation factories. It’s now raised a $20 million Series A financing round led by EQT Ventures. Also participating was BlueYard Capital, Possible Ventures, Taavet Sten and Acequia Capital. Notably, new investors include the venture arm of FMCG (fast-moving consumer goods) giant Henkel, Henkel dx Ventures, Bayern Kapital and Alante Capital.
The Series A follows an initial $15 million seed round that…
