“Eating Carbon Dioxide and Breathing Out Cellulose”: US Biotech Startup Rubi Laboratories Receives $8.7 Million in Seed Round Funding

On March 5th, Rubi Laboratories (Rubi), a biotech startup based in San Francisco, received an additional $8.7 million in seed funding, led by Talis Capital, with participation from Tin Shed Ventures (a Patagonia subsidiary), H&M Group, Collaborative Fund, and Necessary Ventures. To date, Rubi has raised a total of $13.5 million in seed funding.
Inspired by the growth of trees, Rubi uses an industrial-scale, enzyme-driven biochemical process to “eat” carbon emissions and produce carbon-negative, resource-neutral textiles. Its ultimate mission is to restore the EarthR …