/Companies

Hyfe

Chicago, US · Founded 2021 · Delaware corporation · 12 employees on LinkedIn · 6 known investors

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Hyfé operates a refining process that extracts specialty ingredients and chemical building blocks from food-processing waste and biomass. It produces high-performance ingredients for the food, beverage, personal care, and nutraceutical industries, along with glucose streams and chemical feedstocks for biomanufacturing.

Founders & leadership

Hyfe was founded in 2021 by Michelle Ruiz.

MRMichelle Ruiz
Michelle RuizFounderMichelle Ruiz is a chemical engineer with process engineering expertise who spent nearly a decade at ExxonMobil before founding Hyfé in 2021, a company that refines specialty ingredients and chemical building blocks from food-processing waste and biomass for the food, beverage, personal care, and nutraceutical sectors.
AS
Andrea SchoenNamed on SEC filing

Investors · 6

Reported raises · per SEC filings

Form D private placements

$13M disclosed across 2 rounds · 2022–2023

▶$11MraisedJun 2023 · 16 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Andrea Engel SchoenExecutive Officer, Director
  • Michelle RuizExecutive Officer, Director
Offering amount
$11M
Amount sold
$11M
First sale
Jun 2023
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2MraisedJun 2022 · 11 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Michelle RuizExecutive Officer, Director
  • Andrea SchoenExecutive Officer
Offering amount
$2M
Amount sold
$2M
Minimum investment
$25K
Proceeds to insiders
$300K
First sale
Apr 2022
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 2

Companies working in the same space as Hyfe.

Frequently asked questions

What does Hyfe do?
Hyfé operates a refining process that extracts specialty ingredients and chemical building blocks from food-processing waste and biomass. It produces high-performance ingredients for the food, beverage, personal care, and nutraceutical industries, along with glucose streams and chemical feedstocks for biomanufacturing.
Who founded Hyfe?
Hyfe was founded by Michelle Ruiz in 2021.
Who are Hyfe's investors?
Hyfe's investors include Overwater Ventures Llc, Synthesis Capital, Chemistry, Craft Ventures, Pace Capital, The Engine Ventures.
How much funding has Hyfe raised?
Hyfe has disclosed $13M raised across 2 rounds.
Where is Hyfe headquartered?
Hyfe is headquartered in Chicago, US.