Nature’s Toolbox Secures Funding and Incentives to Grow in Santa Fe
March 2, 2020 – Santa Fe bioscience startup Nature’s Toolbox aims to grow following a major investment round and job training money from the state.
Nature’s Toolbox will use the Series A investment to advance its manufacturing and development platform, discover new pharmaceuticals and create disease-fighting biologicals, a news release says.
Alexander Koglin and Michael Humbert founded Nature’s Toolbox in 2015. Koglin was previously a fellow at Los Alamos National Laboratory, where he reportedly worked in the bioscience division before leaving to start Nature’s Toolbox.
The JTIP award from the state will support 12 new jobs with an average wage of $38.67, according to the New Mexico Economic Development Department. Nature’s Toolbox, also known as NTxBio, currently employs eight.
New Mexico’s bioscience sector is heating up. We’ve reported on at least two other multimillion-dollar funding rounds for state bioscience companies recently. The sector’s growth could bring more investment and more interesting, high-paying jobs to the state — two things New Mexico has long struggled to attract or create.