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Investors eat up Orbillion Bio’s plans for lab-grown wagyu beef, elk, and bison
Orbillion Bio’s plans to make high end meats in a lab have investors lining up for a seat at the company’s cap table.
Mere weeks after launching from Y Combinator’s famous accelerator program, the Silicon Valley-based potential purveyor of premium lamb loins, elk steaks, bison burgers and more has managed to haul in $5 million in financing.
The company’s led by Patricia Bubner, Gabrial Levesque Tremblay, and Samet Yidrim, who between them have over thirty years working in bioprocessing and the biopharmaceuticals industry.
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“The proceeds will be used for curriculum and product innovation. Our goal is to continue to reach more schools and students,” said Sumeet Mehta, CEO and co-founder, Lead School, in an interview with ET. Last year in August, the company had
picked up $28 million in a funding round led by WestBridge Capital and Elevar Equity. WestBridge is also an investor in Vedantu, an online tutoring platform.
Lead School has partnered with over 2,000 schools. “The goal is to reach 25,000 schools in the next five years,” Mehta said. It has been focused on cities in tier two and three geographies so far. That will continue to remain their focus. The platform claims it is able to show a visible improvement in student learning with its curriculum. Class averages improved from below 60% to above 70% after adoption of their offering, Mehta told ET.
1) Healthtech startup TIBU closes new round
TIBU, a Kenya-based digital platform that decentralises primary outpatient care to bring it directly to patients, has announced closing a seed funding round.
Founded in 2016, the new raiser is expected to help it scale its operations, and was led by Blue Haven Initiative and Kepple Africa Ventures.
Although, the startup idea has been around for over 5 years, the team did not launch until 2020.
One year after launch, TIBU is an on-demand platform that connects people to healthcare workers in real-time, who deploy to a location and time of the patient’s choosing.
According to media reports, the startup has served over 10,000 patients since its launch, and rolled out a comprehensive home-based vaccination service alongside Amref Health Africa.
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