# COMET: Food & beverages, London, Canada

> COMET: Comet Bio, also known as Comet Biorefining, is a food technology and biotechnology company focused on creating sustainable food ingredients through...

Source: https://millionrounds.com/startup/comet-2 (Millionrounds; every figure on the page links to its filing or article)

Canada · [Food & beverages startup](https://millionrounds.com/companies)

# COMET

Comet Bio, also known as Comet Biorefining, is a food technology and biotechnology company focused on creating sustainable food ingredients through proprietary upcycling technology.

Funding reported Last round: Series C

Food & beverages London, Canada

Company summary

- **Founded:** 2009 17 years old
- **Team:** 10 1 to 10 people
- **Funding reported:** 22M as listed, currency not stated
- **Last round:** Series C Jul 2021

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for COMET has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About COMET

Comet Bio, also known as Comet Biorefining, is a food technology and biotechnology company focused on creating sustainable food ingredients through proprietary upcycling technology.

Founded in 2009 and headquartered in London, Ontario, Canada, the company transforms agricultural residues into high-purity cellulosic glucose syrup and premium prebiotic dietary fibers. Comet Bio operates a commercial biomass sugar plant in Sarnia, Ontario, with an annual capacity of 60 million pounds. The company offers two main product lines: Arrabina® Arabinoxylan Plant Fiber Extract, a prebiotic dietary fiber that supports gut health and immune function, and Sweeterra® Syrup Blends, a lower-calorie sweetener alternative. Both products are designed for the food and beverage industry, catering to manufacturers looking to enhance nutritional profiles and meet sustainability goals. Comet Bio is committed to reducing agricultural waste and promoting health through innovative, naturally better ingredients.

## What company datasets say COMET raised

Funding, as reported

Reported in all **22M** in the source's currency

Rounds **4**

Last round **Series C**

Last round size **22M**

Last round date **Jul 2021**

Investors listed **10**

## The company, in detail

What they build

Known for

arrabina p arrabina clinical studies consumers digestive health health benefits manufacturing upcycling food technology polyphenols food innovation microbiome support biorefinery technology biomass upcycling sustainable manufacturing food system waste reduction arrabina l

Built with from their website

Google Tag Manager WordPress.org Google Ads Font Awesome Elementor CloudFlare Viewport Meta GoDaddy CoBlocks CallRail HTTP/3

+8 more

Hubspot AIOSEO Cloudflare WAF GoDaddy Domains Varnish Wordpress Hello Elementor Microsoft Exchange Online

- **Sector:** Food & beverages
- **Industry code:** NAICS 31122, 311999, 541714, SIC 2099
- **Region:** Ontario
- **Revenue:** 10M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/comet-biorefining)

## Food & beverages in Canada

Startups like it

- [**GoodLeaf Farms** Guelph · founded 2011](https://millionrounds.com/startup/goodleaf-farms)
- [**Greenhouse** Toronto · founded 2014](https://millionrounds.com/startup/greenhouse-3)
- [**Open Farm Pet** Toronto · founded 2014](https://millionrounds.com/startup/open-farm-pet)
- [**WeCook** Dorval · founded 2013](https://millionrounds.com/startup/wecook-2)
- [**Cove Soda** Halifax · founded 2016](https://millionrounds.com/startup/cove-soda)
- [**Partake Brewing** Calgary · founded 2017](https://millionrounds.com/startup/partake-brewing)
- [**NS/TX Industries** Toronto · founded 2020](https://millionrounds.com/startup/ns-tx-industries)
- [**Brunswick Bierworks** Toronto · founded 2015](https://millionrounds.com/startup/brunswick-bierworks)

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