What is Checkerspot?
Checkerspot is at the forefront of biotechnology and advanced materials, specializing in the design and production of sustainable, high-performance materials derived from the precision fermentation of microalgae. The company leverages renewable resources to create bio-based oils and polymers that serve as eco-friendly replacements for petroleum-based ingredients. These advanced materials find applications across a diverse range of industries, including textiles, personal care, and outdoor equipment, positioning Checkerspot as a key player in the transition towards a circular economy and sustainable manufacturing.
How much funding has Checkerspot raised?
Checkerspot has raised a total of $109M across 4 funding rounds:
Angel/Seed
$5M
Series A
$13M
Series B
$36M
Series C
$55M
Angel/Seed (2018): $5M with participation from DIC Corporation, KdT Ventures, Viking Global Investors, Sahsen Ventures, Refactor Capital, and Godfrey Capital
Series A (2019): $13M led by Viking Global Investors, Breakout Ventures, Godfrey Capital, Sahsen Ventures, Builders VC, KdT Ventures, and Plug and Play Ventures
Series B (2020): $36M supported by Viking Global Investors, Breakout Ventures, Cavallo Ventures, and Builders VC
Series C (2023): $55M featuring ArrowMark Partners and Cox Enterprises
Key Investors in Checkerspot
Cox Enterprises
Cox Enterprises is a global conglomerate with a strategic interest in emerging technologies and clean energy, indicating a focus on sustainable and forward-thinking ventures like Checkerspot.
Viking Global Investors
Viking Global Investors is a research-intensive investment firm that likely supports companies with strong fundamental analysis and long-term growth potential, aligning with Checkerspot's innovative material science.
Breakout Ventures
Breakout Ventures focuses on transformative companies leveraging scientific innovation, making them a strategic partner for Checkerspot's advancements in bio-based material production.
What's next for Checkerspot?
With the recent infusion of $55M in major strategic investment, Checkerspot is poised for accelerated growth and expanded market penetration. This capital injection is expected to fuel further research and development into novel bio-based materials, enhance production capabilities, and strengthen its global distribution network. The company's focus on replacing traditional petrochemicals with sustainable alternatives aligns with increasing consumer and regulatory demand for environmentally responsible products, suggesting a robust trajectory for future expansion and innovation in the advanced materials sector.
See full Checkerspot company page
