Evolve BioSystems raises $55 million to expand its probiotics for infant health application

February 12, 2021
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This Series D funding round was led by Cargill and Manna Tree and will help Evolve expand the market reach of its probiotic supplement targeting infant health. This investment also signals Cargill's sustained interest in the microbiome space, coming on the heels of its previous investment in Seventure Partners' microbiome fund. Evolve (Lux Take: Engage) is developing probiotics based on Bifidobacterium infantis to address infant gut dysbiosis. In combination with human milk oligosaccharides, the use of pre- and probiotics for the infant gut microbiome is a fast-growing application area. Clients, the microbiome modulation space offers a number of opportunities in the realm of health and wellness, beyond just gut health.

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