Tigard, OR-based Agilyx, which turns plastic into synthetic oil, is gauging a possible public offering after raising a $22 million Series B round. The new investment was led by Kleiner Perkins Caufield & Byers, and included Vancouver, BC’s Chrysalix Energy Venture Capital, Waste Management, and Total Energy Ventures International. Chrysalix’s Brian Wawro told the Portland Business Journal that Agilyx is already discussing IPO possibilities with bankers and could target the end of 2012. But CEO Chris Ulum was more circumspect, telling the Journal that an IPO is one of several potential options.
Author: Curt Woodward
Curt covered technology and innovation in the Boston area for Xconomy. He previously worked in Xconomy’s Seattle bureau and continued some coverage of Seattle-area tech companies, including Amazon and Microsoft.
Curt joined Xconomy in February 2011 after nearly nine years with The Associated Press, the world's largest news organization. He worked in three states and covered a wide variety of beats for the AP, including business, law, politics, government, and general mayhem.
A native Washingtonian, Curt earned a bachelor's degree in journalism from Western Washington University in Bellingham, WA. As a past president of the state's Capitol Correspondents Association, he led efforts to expand statehouse press credentialing to online news outlets for the first time.
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