One Bio—a UC Davis spinoff with proprietary technology to chop up polysaccharides from agricultural waste into “odorless, colorless, and tasteless” fibers that can be added to foods at high inclusion rates—has raised a $27 million series A round.
The round was led by AlphaEdison, joined by new investors including Leaps by Bayer, Mitsui E12, Morado Ventures, ReMY, and DSM, and backed by existing investors iSelect, Skyview Life Sciences, Collaborative Fund, and Acre Venture Partners.
Founded as BCD Bioscience by Dr. Matt Amicucci, Dr. Carlito Lebrilla, Dr. Bruce German and Dr. David Mills in 2019, One Bio brought in Matt Barnard, cofounder of vertical farming firm Plenty, as cofounder and CEO in 2023.
