Women-Led Purpose Venture Capital co-invests in Bioworks

Kyoto headquartered Bioworks, a material creation company has completed a third-party allotment of new shares to VC firms Purpose Venture Capital, Lavender Hill Capital and 18 Salisbury Capital. textile trading firm Yagi & Co and a host of other investors were also part of the investment round.

The latest funding has helped Bioworks successfully raised a total of $17.3 million or 2.5 billion yen. Bioworks will use the newly raised capital to strengthen its R&D and human resources and amplify its product portfolio. The firm will also mark way into new markets, and expand both domestically and internationally.

Led by CEO Yukihiro Imai, Bioworks is a Japanese material creation company that believes in “Sowing the seeds of a new prosperity”. The firm aims to create a harmonious future to help the planet and humanity build good health. Bioworks is focused on planning and producing sustainable solutions.

The new investment brought from international VC firms Purpose Venture Capital and Lavendar Hill, Bioworks will amplify the promotion of ESG investment in the APAC region while also strengthening its distribution channels from Japan to overseas markets.

Through the partnership with textile FIRM Yagi, Bioworks will extend the reach of PlaX™, a new carbon-neutral material developed in-house, to a bigger marketplace.