# C16 Biosciences

the New York pioneer whose Palmless platform makes yeast-fermented oils and fats, backed by Breakthrough Energy Ventures and with an FDA GRAS determination that opens the route to US food-industry integration alongside its cosmetic B2B sales.

Source: https://en.bioecon.ru/companies/c16-biosciences/
Updated: 2026-06-29

- Country: United States

## Verifiable facts

| Fact | Value | Source |
| --- | --- | --- |
| Funding | $34 million total funding | https://www.greenqueen.com.hk/c16-biosciences-palm-oil-alternative-palmless-bill-gates/ |
| Capacity | 50,000-liter industrial-scale fermentation tanks | https://apnews.com/press-release/business-wire/press-release-ffb3b2d9773a4913b3c2d360e926c9b8, https://c16bio.com/press-release-4, https://www.cnbc.com/2022/11/03/gates-backed-c16-biosciences-uses-yeast-to-create-palm-oil-substitute.html |
| Certification | USDA BioPreferred certification for Torula oil | https://www.greenqueen.com.hk/c16-biosciences-palm-oil-alternative-palmless-bill-gates/ |
| Production site | single site industrial-scale facility | https://apnews.com/press-release/business-wire/press-release-ffb3b2d9773a4913b3c2d360e926c9b8 |
| Headcount | approximately 16 to 34 employees [medium confidence] | https://getlatka.com/companies/c16bio.com |
| Revenue | estimated between $3.3 million and $15 million annually [medium confidence] | https://getlatka.com/companies/c16bio.com, https://prospeo.io/c/c16-biosciences-revenue |

Independent sources: apnews.com, cnbc.com, getlatka.com, greenqueen.com.hk, prospeo.io

## Technologies

- [Biosynthetic palm fat](https://en.bioecon.ru/technology/biosynthetic-palm-fat/)