Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a40229c4-9762-49da-9a4c-ab628e8af3e6&Preview=1
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.
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.