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
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Net Profit
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EBITDA
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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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $25.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series C - Comet Bio | Valuation | Open Prairie Ventures | |
| Nov, 2020 | Amount | Grant - Comet Bio | Valuation |
investors |
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| Jul, 2019 | Amount | Series A - Comet Bio | Valuation | PM Equity Partner , Sofinnova Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity fund management is provided by Open Prairie.
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Founded Year | Domain | Location | |
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Sofinnova Partners is focused on life sciences and healthcare investments.
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Founded Year | Domain | Location | |
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Corporate venture capital investments in innovative technologies are facilitated.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Comet Bio
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Comet Bio
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Comet Bio Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Biodegradable packaging materials are manufactured from crop stubble waste.
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| domain | founded_year | HQ Location |
Coffee pulp-waste is converted into consumer products via biorefining.
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| domain | founded_year | HQ Location |
Bio-composites from biomaterials are developed for diverse applications.
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| domain | founded_year | HQ Location |
Eco-friendly zero-wood building panels are manufactured from agricultural husks.
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| domain | founded_year | HQ Location |
Technological equipment for organic waste processing into fertilizers is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Comet Bio
Frequently Asked Questions about Comet Bio
When was Comet Bio founded?
Comet Bio was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Comet Bio located?
Comet Bio is headquartered in Sarnia, Canada. It is registered at Sarnia, Ontario, Canada.
Is Comet Bio a funded company?
Comet Bio is a funded company, having raised a total of $25M across 3 funding rounds to date.
What does Comet Bio do?
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.
Who are the top competitors of Comet Bio?
Comet Bio's top competitors include Dharaksha Ecosolutions, Pectcof and Mynusco.
What products or services does Comet Bio offer?
Comet Bio offers Arrabina P, Arrabina L, and Arrabina V.
Who are Comet Bio's investors?
Comet Bio has 6 investors. Key investors include Louis Dreyfus Company, Frost & Sullivan, BDC, Open Prairie, and Sofinnova Partners.
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