Verdezyne Raises $6.3M

12/2/10Follow @bvbigelow

Carlsbad, CA-based Verdezyne, which is developing gene libraries for use in industrial biology, has raised $6.3 million of a targeted $15 million equity round, according to a recent regulatory filing. The company, which secured $9 million toward a $15 million round in February, declined to comment, so it’s unclear whether the latest funding represents additional money or a follow-on tranche of the previous round. Verdezyne has initially focused on developing renewable technologies for making adipic acid, a key feedstock chemical used to make nylon. The company’s investors include Monitor Ventures, OVP Venture Partners, the Tech Coast Angels, and the Life Sciences Angels. A representative of BP Alternative Energy Ltd. also is on its board.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @bvbigelow

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