Mar 31, 2022

Funding News: Enzyme design startup lands $33M; addiction recovery company raises $3M March 31, 2022 at 9:09 am Share Inside Arzeda’s labs in Seattle. (GeekWire Photo / James Thorne) — Protein design company Arzeda raised close to $33 million, the Seattle startup announced Wednesday . The company generates new enzymes for industrial, agricultural and other applications. Arzeda creates blueprints for enzymes using protein design software spun out of the lab of David Baker, head of the University of Washington’s Institute for Protein Design. Arzeda also tests and develops the enzymes in its labs in the city’s South Lake Union neighborhood; GeekWire took a tour a few years ago. Arzeda recently inked a partnership with Unilever to discover new enzymes for cleaning and laundry products. It also partners with oil giant BP, and develops enzymes involved in fermentation with biotech company Amyris. CEO and VP of research Alexandre Zanghelli co-founded Arzeda in 2009, the same year he earned his Ph.D. in Baker’s lab. Arzeda is one of several protein engineering startups founded on research from the lab, including A-Alpha Bio, Cyrus Biotechnology and vaccine company Icosavax. The Series B funding round was led by Conti Ventures, the venture arm of Continental Grain Company, and included new investors Lewis & Clark Agrifood, Bunge Ventures, the venture capital arm of agribusiness company Bunge, and Circulate Capital. Previous investors participating in the funding round include OS Fund, Casdin Capital, UMI and Bioeconomy Capital. Arzeda had previously raised $15.2 million in its Series A round and follow-on funding in 2017. The new funding will enable the company to further develop and commercialize its portfolio of enzymes. WeConnect co-founders Murphy Jensen and Daniela Luzi Tudor. (WeConnect Photos) —  WEconnect Health Management raised $3 million to help people with substance abuse disorder. The Seattle startup’s healthcare products include an app that provides recovery techniques to reduce relapse and enables people to join support meetings, track progress, and schedule “healthy routines.” Over the last year the company has launched a free version of the app, tallied more than 750,000 participants in its mobile recovery meetings, and signed up healthcare partners Molina Healthcare of California and Be Well Texas. WEConnect employs more than 42 people. The latest round of funding, from current investors, builds on a $6 million Series A round in 2018. That round included Fred Luddy, the billionaire founder of tech giant ServiceNow, and several other high net worth backers. Charlotte Schubert is a GeekWire reporter and science journalist with a focus on biotech, healthcare, and life sciences. She is a Seattle native, former editor at Nature Medicine, and recovering lab rat. Follow her on Twitter at @schubertcm or reach her at charlotte@geekwire.com . Share