Tuesday, March 13, 2012

Deal: Allylix raises $18.2 million to produce specialized flavor and fragrances

Germany’s BASF Venture Capital has invested $13.5 million in a financing round that raised a total of $18.2 million for Allylix, the San Diego-based renewable chemicals startup that uses fermentation technology and genetically engineered yeast to produce specialized flavor and fragrance chemicals.
According to Xconomy,  existing investors Avrio Ventures, Cultivian Ventures, and London-based agribusiness company Tate & Lyle also participated in the round. 

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