Symrise takes minority stake in EvodiaBio

In Germany, flavors and fragrances giant Symrise has taken a minority stake in bio-industrial startup EvodiaBio. The minority stake was acquired through Symrise’s participation in the EvodiaBio’s recent 45 million Danish kroner ($6.6 million) fund raise.

EvodiaBio is targeting the non-alcoholic beer segment first with its Yops monoterpenoid aroma blend, which is produced using yeast cells that secrete the individual aroma components and are then combined to mimic the aroma profiles of different hops. Longer-term, EvodiaBio aims to apply its precision fermentation technology to developing aromas for other beverages, perfume, and a range of other segments, co-founder and chairman Jarne Elleholm says in a statement.

Symrise says it looks forward to future collaboration with EvodiaBio for taste ingredients and further applications.