Matrix Genetics Garners New Funding Round

  • Feed Type
  • Date
    8/30/2012
  • Company Name
    Matrix Genetics
  • Mailing Address
    Undisclosed Seattle, WA 98104
  • Company Description
    Matrix Genetics, LLC (“Matrix”), located in Seattle, Wash. is a biotechnology company focused on producing renewable fuel and specialty chemicals derived from cyanobacteria (blue-green algae). The company’s state-of-the-art, metabolic engineering and systems biology platform is the most cost-efficient method to customize organisms with a range of traits for these industries.
  • Website
    http://www.matrixgenetics.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    Undisclosed
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The amount of the investment isn’t being disclosed, but it’s enough for Matrix to spin out of its parent company, Targeted Growth, and to find new labs in South Lake Union with room for about 15 employees.
  • M&A Terms
  • Venture Investor
    Avista Development