About Comet Bio
Comet Bio is a company based in Sarnia (Canada) founded in 2018. Comet Bio has raised $25 million across 3 funding rounds from investors including Louis Dreyfus Company, Frost & Sullivan and BDC. Comet Bio offers products and services including Arrabina P, Arrabina L, and Arrabina V. Comet Bio operates in a competitive market with competitors including Dharaksha Ecosolutions, Pectcof, Mynusco, Indowud and Humati.co, among others.
- Headquarter Sarnia, Canada
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Sectors
EnvironmentChemicals & Materials
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$25 M (USD)
in 3 rounds
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Latest Funding Round
$25 M (USD), Series C
Jul 13, 2021
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Investors
Louis Dreyfus Company
& 5 more
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Employee Count
Not available
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Products & Services of Comet Bio
Comet Bio offers a comprehensive portfolio of products and services, including Arrabina P, Arrabina L, and Arrabina V.
Fully-soluble powder enhancing coffee, tea, and chocolate flavors.
Light-colored powder for beverages, baked goods, and confectionery.
Colorless powder suitable for functional beverages and gummies.
People of Comet Bio
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Funding Insights of Comet Bio
Comet Bio has successfully raised a total of $25M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $25 million completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Comet Bio
Comet Bio has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Louis Dreyfus Company, Frost & Sullivan and BDC.
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Private equity fund management is provided by Open Prairie.
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Sofinnova Partners is focused on life sciences and healthcare investments.
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Corporate venture capital investments in innovative technologies are facilitated.
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Investor details for Comet Bio
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Investments & Acquisitions by Comet Bio
Investment portfolio details for Comet Bio
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Financial Statements - Comet Bio
Detailed financials for Comet Bio
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Comet Bio Comparisons
Peer comparison for Comet Bio
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Competitors of Comet Bio
Comet Bio operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dharaksha Ecosolutions, Pectcof, Mynusco, Indowud and Humati.co, among others.
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Biodegradable packaging materials are manufactured from crop stubble waste.
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Coffee pulp-waste is converted into consumer products via biorefining.
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Bio-composites from biomaterials are developed for diverse applications.
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Eco-friendly zero-wood building panels are manufactured from agricultural husks.
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Technological equipment for organic waste processing into fertilizers is provided.
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Detailed competitors of Comet Bio
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Latest news on Comet Bio
Complete news archive for Comet Bio
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Frequently Asked Questions about Comet Bio
Comet Bio was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Comet Bio is headquartered in Sarnia, Canada. It is registered at Sarnia, Ontario, Canada.
Comet Bio is a funded company, having raised a total of $25M across 3 funding rounds to date.
Comet Bio was founded in 2018 in Sarnia, Canada, within the biotechnology sector focused on renewable materials. Technology is developed to convert wood, wheat straw, bagasse, corn stover, and other agricultural wastes into high-purity cellulosic glucose syrup. Operations include the establishment of the first commercial biomass sugar plant in Sarnia, with an annual capacity of 60 million pounds.
Comet Bio's top competitors include Dharaksha Ecosolutions, Pectcof and Mynusco.
Comet Bio offers Arrabina P, Arrabina L, and Arrabina V.
Comet Bio has 6 investors. Key investors include Louis Dreyfus Company, Frost & Sullivan, BDC, Open Prairie, and Sofinnova Partners.