Biotech startup Spiber raises $44m from Cool Japan Fund, others

Biotech startup Spiber raises $44m from Cool Japan Fund, others

Laboratory equipment. Photo: Pixabay

Japan-based Spiber Inc, a biotech startup that has developed synthetic spider silk material, has closed a 5 billion yen ($44 million) funding round from multiple investors including the Cool Japan Fund, a government-backed fund that provides risk capital to Japanese companies.

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