Irish biotech Nuritas to build US HQ as CEO relocates to ConnecticutBlathnaid O’Deaon May 17, 2022 at 12:00 Silicon RepublicSilicon Republic
Dublin-based biotech company Nuritas is expanding into the US by building a new physical headquarters in Connecticut, near Yale University.
The company’s founder and CEO, Dr Nora Khaldi, will relocate to the US to oversee Nuritas’ growth there. The strategic expansion follows Nuritas’ $45m Series B raise, led by Chicago-based VC firm Cleveland Avenue.
“We are incredibly excited to expand our US team with the kind of commercial and scientific talent and resources available in Connecticut and nearby Boston and New York,” said Khaldi.
The company’s proprietary platform targets, predicts and unlocks bioactive peptide ingredients from plants. The peptides can be used to improve health, however, they are difficult to locate. The platform uses AI to discover peptides in food, medical products and cosmetics.
These peptides are then validated in the lab and clinically tested, then scaled and patented before Nuritas takes them to market. The company’s branded molecules can be integrated into consumer products for topical or oral use.
Nuritas works with pharma and food companies including Nestle, Mars, Sumitomo Corporation and Pharmavite as an innovation partner.
“From our inception, Nuritas has been well known for our stellar team of biologists, chemists, AI engineers and data scientists, who are responsible for discovering nearly six million peptides, collaborating with some of the largest food and science companies in the world and helping to launch three proprietary ingredients directly to consumers,” Khaldi said.
Nuritas will hire for leadership positions in the coming months for the new US office, in areas such as business development, marketing, regulatory and science.
Khaldi is appearing as a featured panellist at Yale Innovation Summit, an entrepreneurship event which is running from May 17-18. Nuritas advisor Indra Nooyi, former chairperson and CEO of PepsiCo, will be delivering the Summit’s morning keynote address.
Nuritas is also working with business support organisations AdvanceCT and Yale Ventures to grow its business network across North America.
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