1849 bio
PrivateLast Round
Seed
Sep 1, 2024
Total Funding Raised
$500,000
Company Overview
1849 bio is a biotechnology company founded in 2024 by Jai Padmakumar and Yongjin Park. The company specializes in engineering microbes for the mining industry to enable cheaper and more sustainable metal extraction from low-quality and waste ores. By developing new bioengineering tools and platforms, 1849 bio aims to unlock valuable metals like copper and gold from resources that are currently unprofitable to mine with conventional methods. The company's technology is designed to integrate into existing mine infrastructure, offering a low-capital expenditure solution that can accelerate extraction timelines. 1849 bio is backed by Y Combinator and participated in its seed funding round in July 2024.
Sector
Frontier & Industrial Tech
Verticals
Biotechnology, Circular Economy, Sustainable Materials
Business Model
B2B
Customer Profile
Services & Consulting, Revenue Share
AI Layer
Non-AI
Keywords
Historical Pricing
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1849 bio Comparables
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1849 bio Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Seed | Sep 1, 2024 | ||||
| Seed | Jul 9, 2024 |
1849 bio Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Y Combinator | Seed |
1849 bio Filings
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| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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