Allylix Garners $1,000,000 New Funding Round

  • Feed Type
  • Date
    11/17/2011
  • Company Name
    Allylix
  • Mailing Address
    6020 Cornerstone Court San Diego, CA 92121
  • Company Description
    Allylix has developed proprietary technology that allows it to produce a group of natural products called terpenes at low cost. In nature, terpenes are produced by plants in minute quantities to serve a number of different functions. Some are flavors and fragrances, while others are anti-fungal and anti-viral and still others are insect repellents. Because of this, terpenes have significant commercial value to the flavor and fragrance, insect repellent and pharmaceutical industries.
  • Website
    http://www.allylix.com
  • Transaction Type
    Debt
  • Transaction Amount
    $1,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Includes estimated amounts receivable by the Issuer upon exercise of certain warrants to purchase the Issuer’s Common Stock; such warrants have not yet been exercised. Proceeds purposes were not disclosed. SEC regulatory filing.
  • M&A Terms
  • Venture Investor
    Undisclosed

Trending on Xconomy