About Foray bioscience
Foray bioscience is a Real Estate & Construction company based in Cambridge (United States) founded in 2022. It operates in the Real Estate & Construction and Chemicals & Materials sectors. Foray bioscience has raised $3.41 million across 2 funding rounds from investors including United States Department of Agriculture, ReGen Ventures and Engine Ventures. Its focus areas include Real Estate and Construction Tech, Construction Tech, Building Materials and Advanced Building Materials. Its competitors include Trex, TimberHP and Park Aerospace.
Company details
Developer of wood products using biotechnology. The company is involved in developing new biotechnologies to produce wood products without cutting down trees. Using concepts in plant cell culture, materials science, and tissue engineering it claims to create alternatives to tree-sourced goods.
- Headquarters Cambridge, United States
- SectorsReal Estate & ConstructionChemicals & Materials
- Website foraybio.com
- Social LinkedIn
- Total Equity Funding$3.41M (USD)
in 2 rounds
- Latest Funding Round$3.41M (USD), Seed
Feb 2024
- Investors
Funding Insights of Foray bioscience
Foray bioscience has successfully raised a total of $3.41M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3.41 million completed in February 2024. 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 $3.41M
- Total Rounds 2
- Last Round Seed — $3.41M
- First Round $179,965
(Jul 2023)
- Investors Count 6
All 2 funding rounds of Foray bioscience with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2024 | $3.41M | Seed | – | ReGen Ventures | |
| Jul 2023 | $179,965 | Grant | – | – |
6 investors in total: 6 institutional.
Investors in Foray bioscience
Foray bioscience has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include United States Department of Agriculture, ReGen Ventures and Engine Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
ReGen Ventures is focused on investing in regenerative technologies. | regen.vc | Byron Bay, Australia | ||
Early-stage technology startups are funded by Engine Ventures venture capital. | engineventures.com | Cambridge, United States | ||
Superorganism is recognized as a venture firm focused on biodiversity. | superorganism.com | San Francisco, USA | ||
Funds sustainable startups in climate tech for environmental impact. | 1987 | sig-ssi.com | Bala Cynwyd, United States | |
Understorey Ventures is focused on impact investments for planetary health. | 2022 | understorey.ventures | ||
Leadership is provided on agriculture, food, and rural development matters. | 1862 | usda.gov |
Investor details for Foray bioscience
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People of Foray bioscience
4 people are tracked at Foray bioscience (2 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Ashley Beckwith | Founder And CEO | Leadership |
Nico Hawley-Weld | Head Of Research & Development | Leadership |
Jane Downer | Research Fellow, AI & ML | Team |
Samson Karben | Research Engineer | Team |
Complete people profiles for Foray bioscience
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Timeline of Foray bioscience
3 dated milestones of Foray bioscience across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Foray bioscience is founded.
- Funding First funding round of $180K.
- Funding Latest funding round, Seed, of $3.4M.
Competitors of Foray bioscience
Foray bioscience has 3 listed competitors in our database. They include Trex, TimberHP and Park Aerospace.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| trex.com | 1996 | Winchester, United States | 1,765 | Architectural services for decking and outdoor structures are offered. | ||
| timberhp.com | 2017 | Belfast, United States | Developer of wood fibre insulation for the residential and light commercial construction markets | |||
| parkaerospace.com | 1954 | Melville, United States | Advanced composite materials are developed and manufactured for aerospace structures. |
Detailed competitors of Foray bioscience
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Web traffic of Foray bioscience
The website of Foray bioscience (foraybio.com) receives about 2.9K visits a month.
- Monthly visits2.9K
▲ 25.5% vs previous month
Top companies in Construction & Building Tech
3 companies that operate in the same segment as Foray bioscience (Construction & Building Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
SaaS project management software is provided for construction professionals. | 2003 | Carpinteria, California, United States | USD 406.15 M | USD 1.32 B | 4,927 | |
Business management software is offered for home service providers. | 2007 | Glendale, California, United States | USD 1.1 B | USD 960.97 M | 3,049 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | USD 3.59 B | 12,100 |
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Related news about Foray Bioscience
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Frequently Asked Questions about Foray bioscience
Foray bioscience was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Foray bioscience is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Foray bioscience is a funded company, having raised a total of $3.41M across 2 funding rounds to date. The company's 1st funding round was a Grant of $179.97K, raised on Jul 2023.
Developer of wood products using biotechnology. The company is involved in developing new biotechnologies to produce wood products without cutting down trees. Using concepts in plant cell culture, materials science, and tissue engineering it claims to create alternatives to tree-sourced goods.
Foray bioscience's top competitors include Trex, Park Aerospace and TimberHP.
Foray bioscience has 6 investors. Key investors include United States Department of Agriculture, ReGen Ventures, Engine Ventures, Susquehanna International Group, and Understorey Ventures.