Investments, Press Release

Lygos bags $13m funding

Lygos, Inc., a bio-based specialty chemicals company, announced last week the closing of $13 million in Series A financing led by IA Ventures and OS Fund. Other investors include First Round Capital, the Y Combinator Continuity Fund, 50 Years and Vast Ventures, along with notable angel investors.

Lygos has pioneered the world’s first bio-based production of malonic acid. Lygos has already engineered and is shipping to customers metric ton quantities of its Bio-malonic™ acid. Lygos said it has created an engineering development platform that combines software and new biochemistry technology to engineer microbes optimized to produce the industry’s highest-quality specialty chemicals at scale much faster, safer, and more reliably than traditional petroleum-based production methods.

Just a reminder to Tecnon OrbiChem Biomaterials subscribers, we have a more comprehensive report on malonic acid in our May 2016 issue (#33).

About Doris de Guzman

Will Green Chemistry save the world or is it hype? Doris de Guzman examines alternative processing, new technology, R&D and other sustainability initiatives aimed at preventing pollution; replacing ingredients; and using renewable feedstocks in Green Chemistry. She has been covering the oleochemicals market for 15 years and spread her beat to inorganics, biofuels and green chemistry.

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