Calysta, Inc., a Menlo Park, CA-based developer of sustainable industrial products for food and energy security, completed a $10m Series B financing round.
The round was led by Walden Riverwood Ventures and Aqua-Spark with participation from Pangaea Ventures Ltd. and current Calysta officers and directors. In conjunction with the funding, Nicholas Brathwaite, Walden Riverwood Ventures and Mike Velings, Aqua-Spark, will join Calysta’s Board of Directors.
The company intensds to use the funds to advance development of nutritional products for fish and livestock as well as traditional chemical products.
Led by Alan Shaw, Ph.D., President and CEO, Calysta has two business units: Calysta Nutrition, which develops and commercializes fish and livestock nutritional products, and Calysta Energy, which develops materials for use in industrial and consumer products.