Jun 30, 2022 - Economy

Silk protein startup Evolved By Nature raises $120 million

Silkworm cocoon photo.

Photo: Thierry Falise, via Getty Images

Evolved By Nature, a Medford, Mass.-based creator of a library of activated molecules from natural silk protein, raised $120 million in Series C funding.

  • Investors include fashion brand Chanel, while the round was led by Ontario Teachers' and Senator Investment Group.

Why it matters: Silkworms could help alleviate human reliance on petrochemicals as coatings for textile, leather and skin care products — at a time when brands are trying to meet internal and government-mandated ESG goals.

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