Eywa Biotech raises $2.5M for psychedelic compounds

View profile for Michelle Kwok

Principal @ Draper.vc | Co-Founder @ BlueBox | MBA @ Columbia Business School | Co-Founder @ FLIK (Acquired by Rumor)

We just led the $2.5M seed round of Eywa Biotech, the first company in Latin America producing pharmaceutical-grade psychedelic compounds through biosynthesis. When I first met Victoria Costa Paz, she told me her goal was simple but audacious: to reinvent the future of mental health, to make it safe, accessible, sustainable, and built on real science. At just 28, she’s done something no one in Latin America has before. Eywa is scaling the biosynthesis of psychedelic compounds like psilocybin, the active ingredient now being studied globally for depression, PTSD, and anxiety. Even in the USA, the FDA has already granted a psilocybin analog compound "breakthrough therapy" status as an adjunctive treatment for major depressive disorder, recognizing that early data is too promising to ignore. While it’s not yet approved, this designation is accelerating research worldwide and opening the door to a new era of mental health treatments. Instead of relying on slow, resource-intensive extraction, Eywa uses synthetic biology to produce these molecules faster, cleaner, and at a fraction of the cost, all under GMP standards. What Victoria and her team are building is more than a company. It is a signal. That world-class biotech can come from anywhere. That women-led science deserves conviction capital. And that Latin America can lead in deep tech and mental health innovation. The science is already happening... → Psychedelic compounds, sustainably produced → Clinical-grade quality, globally scalable → Accessible treatments for millions We’re proud to lead Eywa’s $2.5M seed round alongside Draper Cygnus, GRIDX, and Panambí Ventures, and to support Victoria and her team as they build a new foundation for mental health, sustainably and at scale. The future of mental health will be built by the founders bold enough to reimagine it.

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Victoria Costa Paz

Co-founder & CEO @ EYWA | Psychedelics | Sigma Squared Fellow | Leader of Tomorrow 53rd St Gallen Symposium | Business & Tech

2w

Thank you Michelle Kwok and the Draper Associates team for believing in Eywa Biotech and in the power of science led from Latin America to the world!! This is just the beginning, let’s gooo ✨🚀

I knew you were a gem when I met you Victoria Costa Paz - looking forward to changing the future of mental health for the better, together!

This is frontier biotech at Draper.

Alicia Tang

Distribution Intern at Warner Bros. Discovery

2w

Yay Michelle!!

Gabriela Genovese

Building Longevity & Mental Health Industry Ecosystem at LATAM. Founder Pamanbí Ventures.

2w

Happy to be part with Panambí Ventures

Shreya Mawandia

Growth and Media @ Draper | Startups and Venture | B2B Strategy and Distribution

2w

Congratulations Victoria Costa Paz!

Lucas Czentner

Co-founder & CEO | Ayuvant (Biotech) | Unlocking the future of RNA medicines

2w

Congrats Victoria Costa Paz!!

Leonard Rinser 🤘🏼

The future of health is AI-based | Global Healthcare Executive @Sigma Squared | Health Futurist | Co-Founder GLAICE Health | Building AI-powered health & longevity companies for long and healthy lives

2w

Fantastic news!! Congrats team @draper.vc and Victoria and team!!

Jacob Tourjeman

SVP Ops @ Ordaos Bio | Startup Operator & Builder | Leader of innovative ventures | Former music guy (ask me about it!)

2w

Pulling this off takes real vision AND execution. Scaling biosynthesis to GMP in a new market is no easy feat. Very cool to see this moving forward. Congrats Victoria Costa Paz !

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