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C16 Biosciences is a biotechnology company making alternatives to palm oil that is headquartered in Somerville, Massachusetts and was founded in 2017 by David Heller, Harry McNamara, and Shara Ticku.
C16 was founded with the objective of creating a sustainable, environmentally friendly alternative to palm oil. By offering producers, refiners, traders and consumers of palm oil an opportunity to invest part of their production into bio-based oils and sustainability efforts, their stated aim is to reduce the environmental footprint of palm oil production and protect natural land, wildlife and resources in the process.They have developed technology to brew an alternative to palm oil from microbes.They are brewing palm oil using fermentation.
On August 20, 2018 C16 Biosciences announced raising $4 million in seed funding from Y Combinator, Wei Guo, UpHonest Capital, and Soma Capital.
