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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.

Silk protein startup Evolved By Nature raises $120 million

The goal is to replace petrochemical coatings in skin care and textile products.

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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. <ul><li>Investors include fashion brand Chanel, while the round was led by Ontario Teachers&#x27; and Senator Investment Group.</li></ul>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.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Silk protein startup Evolved By Nature raises $120 million

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