Allylix Obtains $18,200,000 New Financing Round

  • Feed Type
  • Date
    3/12/2012
  • Company Name
    Allylix
  • Mailing Address
    6020 Cornerstone Court West 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
    Venture Equity
  • Transaction Amount
    $18,200,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    This round of funding will support the development and delivery of new renewable specialty chemicals in Allylix’s pipeline, as well as allow us to expand the market segments for our existing products.
  • M&A Terms
  • Venture Investor
    BASF Venture Capital America
  • Venture Investor
    Cultivian Ventures
  • Venture Investor
    Undisclosed

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