Penn Center for Innovation

Strella Biotechnology, a Penn I-Corps graduate, raised $3.3 million in its seed funding round

Posted on April 30, 2020 — Jessica Jones Gupta

A Philadelphia-based agricultural biotech startup, founded by a University of Pennsylvania graduate looking to solve the global problem of food waste, has raised $3.3 million in its seed funding round from a group of investors that includes entrepreneur Mark Cuban.

The investment in Strella Biotechnology was led by California-based venture capital firm Yamaha Motor Ventures & Laboratory Silicon Valley and Catapult Ventures. Other investors include Cuban, one of the featured investors on the ABC series “Shark Tank” and owner of the NBA’s Dallas Mavericks; Red & Blue Ventures, an independent venture firm that invests in companies from the Penn ecosystem; Union Labs; and supply chain pioneer Art Mesher.

Read more in the Philadelphia Business Journal

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