Spinout launches with $78M to bioengineer beauty products

After two years in the labs of Ginkgo Bioworks Holdings Inc. as an entrepreneur-in-residence, Jasmina Aganovic is striking out on her own as CEO of a new startup at the intersection of biotech and beauty: Arcaea. Founded in March as Kalo Ingredients, Arcaea publicly launched Wednesday with a $78 million Series A round, placing it squarely among the largest Series A rounds this year among Massachusetts life sciences companies. Cascade Investment L.L.C., Viking Global, CHANEL, Givaudan and Wittington…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news