Lumen Bioscience

Lumen Bioscience

Lumen Bioscience is a biotechnology founded on April 1, 2017, operating out of Seattle, Washington, making an industrial molecular production platform using the blue-green algae Spirulina capable of producing valuable proteins and other molecules.

Lumen Bioscience is located in Seattle, Washington, and was founded by Brian Finrow and Jim Roberts on April 1, 2017. The biotechnology company is making a manufacturing platform for the mass production of the blue-green algae Spirulina (Arthrospira platensis) — an algae most well known for its use as a health supplement. Lumen Bioscience is using biotechnology tools to engineer strains of Spirulina to make commercially available high value proteins and other molecules for use in nutritional supplements, cosmetic, medical, and food products.

On December 5, 2017, Lumen Biosciences raised $13 million in a combination of series A funding and a grant from the US Department of energy. This funding was used to launch Lumen Bioscience's first product made using Spirulina that is a natural colorant to be used in the food and cosmetics industries.

On June 13, 2018, Lumen Bioscience announced the company will be receiving triple the funding from the Bill & Melinda Gates Foundation — the Bill & Melinda Gates Foundation previously donated funding to Lumen Biosciences in January, 2018 — for the development of low cost antibodies produced by Lumen Bioscience's Spirulina expression platform that can block or limit the growth of pathogenic bacteria.

Funding
US Department of Energy Grant

On December 5, 2017, Lumen Bioscience announced the company is receiving a grant from the US Department of Energy worth $1,800,000.

Series A

On December 5, 2017, Lumen Bioscience closed their series A funding round, raising $11,200,000 in capital from Bioeconomy Capital and Avista Development.

Timeline

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Lumen Bioscience, Inc. funding round, November 2019
26,052,323
November 2019
1 Result
Results per page:
Page 1 of 1

SBA Awards

SBA Award
Agency
Award Type
Amount (USD)
Date Awarded
Lumen Bioscience, Inc. SBIR Phase I Award, July 2018
SBIR
99,572
July 1, 2018
2 Results
Results per page:
Page 1 of 1

People

Name
Role
LinkedIn

Brian Finrow

Founder, President, and CEO

Craig Behnke

Senior Vice President of Production and Development

Don Schlosser

CFO

Jim Roberts

Founder and CSO

Further reading

Title
Author
Link
Type
Date

Lumen Raises $13M for New Biotech Production Platform - SynBioBeta

Press release

Web article

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

References

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