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Lux Bio Secures $1.5 million in Pre-Seed financing
- Paige Nyoka Design Labs
- Mar 31, 2023
- 2 min read
Lux Bio Secures $1.5 Million in Pre-Seed Funding to Revolutionize Long Duration Bioluminescent Technology
Lux Bio, the innovator behind sustainable bioluminescent solutions, announced today the successful closing of its $1.5 million pre-seed funding round. The round was led by Brickyard, with participation from Agfunder, Tawani Ventures, Women’s Equity Lab, and Climate Capital. This funding marks a significant milestone in the company’s mission to replace chemiluminescent industrial lighting applications with bioluminescent alternatives and to expand the scope of bioluminescent technology as a whole.
“Our vision has always been to combine science, sustainability, and innovation to create products that truly make a difference,” said Paige Whitehead, Cofounder and CEO of Lux Bio. “This funding enables us to scale our manufacturing capabilities, advance our product development, and bring bioluminescent technology to markets ranging from industrial safety to entertainment and recreation. It is truly a testament to our technology development, market potential, and team that we have been successful in raising venture capital. I am so excited to continue building Lux Bio into the global phenomena I know we can be.”
Revolutionizing a $10 Billion Market with Platform Technology
Lux Bio is poised to disrupt the $10 billion chemiluminescent market by addressing its critical sustainability challenges and massively expanding the potential applications of non-electric lighting.
Lux Bio's flagship product will be to improme on traditional glow sticks, which are single-use, non-biodegradable products that contribute to plastic pollution worldwide. Lux Bio’s bioluminescent glow technology offers a groundbreaking, compostable alternative that is both safe and effective across diverse applications.
Other applications include food and beverage, cosmetics, and military. Lux Bio is currently approved for the Military and Space testing stream with the Government of Canada and is focused on emergency signalling applications.
Investor Support
Lux Bio’s investors are a diverse group of forward-thinking firms committed to advancing sustainability and innovation.
Brickyard: Lead investor shaking up the VC model with a founder first, industry agnostic approach to investing.
Agfunder: A global leader in backing groundbreaking biotech and climatetech innovations.
Tawani Ventures: Focused on empowering companies with strong leadership and vision, along with high potential market in military and space.
Climate Capital: Investing in climate solutions that drive measurable impact.
Women’s Equity Lab: Dedicated to advancing equity and diversity in entrepreneurship.
About Lux Bio
Founded in 2021 with their first investment from Indie Bio (SOSV), Lux Bio is a biotechnology startup dedicated to developing long duration bioluminescence.
From eco-friendly glow sticks to industrial applications, the company is harnessing the power of nature to light the way toward a greener future.
