At Homebrew, we talk about investing in companies with both value and merit. Companies that have the potential to generate tremendous economic wealth for their stakeholders while also contributing positively to the greater world. When we met Mariana Matus and Newsha Ghaeli at Biobot Analytics, we were struck with how much the business resonated with our goals. Biobot works with city governments to collect wastewater for analysis of population health. Its first product is helping tackle one of the most significant problems facing our country - the opioid epidemic. By analyzing metabolites in wastewater, cities can better understand opioid use in their geographies, allowing public sector and non-profit organizations to better allocate resources and evaluate the impact of their interventions over time.
We’re incredibly proud to be supporters of Biobot and participants in its $2.5 million seed financing. The company is already working with Cary, NC and will be launching efforts with additional cities later this year. If you’re interested in joining the company on its mission or want to learn more about how Biobot can help your city, you can reach the company here.