Bioworks, a material creation company has secured undisclosed funding from Purpose Venture Capital (Singapore), Hill Capital (Hong Kong), 18 Salisbury Capital, textile trading company Yagi & Co, and other unnamed investors, bringing the total amount of funds received to $17.3 million.
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The recently received investments will be used to improve its R&D and human resources, broaden its line of products, penetrate new markets, and grow both domestically and internationally. PlaX is a novel carbon-neutral material that Bioworks is developing in-house and will reach a wider market with.
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Founded in 2020, Co-founded by Sharon Sim, Sertac Yeltekin, and Von Leong, Purpose Venture Capital is a Singapore-based early stage Venture Capital firm building sustainable and profitable tech businesses.
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Its goal is to support tech entrepreneurs and their visions for a positive impact on the world. Purpose Venture Capital focus on supporting companies that disrupt conventional business models through purpose-aligned capital.
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About Bioworks
Founded in 2015, Bioworks is a material creation company that creates a future where the earth and humanity can live together in good health through planning and production backed by technology and knowledge gained through material research and development.
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