Danish biotech company Octarine Bio has announced the successful closing of a €5 million funding round to accelerate the industrial validation and commercial launch of PurePalette, its platform for natural, bio-based pigments. This new investment brings the company’s total Series A funding to €12.8 million, including earlier pre-Series A capital.
The funding round was supported by existing investors and attracted new partners, such as The Footprint Firm, Edaphon, Unconventional Ventures, DSM-Firmenich Ventures, Oskare Capital, and several industry veterans, including Per Falholt and Steen Riisgaard.
Nethaji Gallage, CEO and co-founder of Octarine, expressed enthusiasm about the milestone, stating, “This funding allows us to scale up production of our first three PurePalette colours and expand our product offerings into new industries. We appreciate the continued support from our investors and welcome new partners with relevant expertise.”
PurePalette is positioned as a breakthrough in sustainable pigments, offering a fully bio-based colour platform capable of producing the entire spectrum through a single fermentation process. The pigments are designed to integrate seamlessly into existing textile dyeing methods, potentially reducing one of the most polluting steps in textile manufacturing.
Anna Zimmermann, Senior Associate at Edaphon, highlighted the environmental benefits, saying, “PurePalette could significantly cut the environmental impact of textile dyeing and promote industry-wide change by fitting into current processes.”
Founded in 2018, Octarine develops microbial systems to create environmentally friendly pigments. Its proprietary platforms aim to replace fossil-based dyes with high-performance, sustainable alternatives used across textiles, food, cosmetics, and more.
This funding aligns with a broader trend of European investment in synthetic biology and sustainable materials, with recent funding rounds supporting companies like Solena Materials and Avenue Biosciences.
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