Algenetix Receives $2,000,000 Series A Funding Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e749af16-e797-4602-a0ad-15b8fa31a701&Preview=1 - Date
4/3/2013 - Company Name
Algenetix - Mailing Address
Undisclosed San Diego, CA 92121 - Company Description
Algenetix is an industrial biotech company incubated from the Kapyon Ventures pipeline. The company develops single cell petrochemical alternatives using its proprietary PhotoSeed technology, which improves lipid productivity in industrial microbes. - Website
http://www.algenetix.com - Transaction Type
Venture Equity - Transaction Amount
$2,000,000 - Transaction Round
Series A - Proceeds Purposes
With this funding, Algenetix will further advance its PhotoSeed program and develop renewable oils that can sustainably replace petroleum for fuels and chemicals without compromising land and food production resources. - M&A Terms
- Venture Investor
Two Oceans - Venture Investor
Undisclosed
