Algenetix Receives $2,000,000 Series A Funding Round

  • Feed Type
  • Date
    4/3/2013
  • Company Name
    Algenetix
  • Mailing Address
    Undisclosed San Diego, CA 92121
  • Company Description
    Algenetix is an industrial biotech company incubated from the Kapyon Ventures pipeline. The company develops single cell petrochemical alternatives using its proprietary PhotoSeed technology, which improves lipid productivity in industrial microbes.
  • Website
    http://www.algenetix.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $2,000,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    With this funding, Algenetix will further advance its PhotoSeed program and develop renewable oils that can sustainably replace petroleum for fuels and chemicals without compromising land and food production resources.
  • M&A Terms
  • Venture Investor
    Two Oceans
  • Venture Investor
    Undisclosed