Allylix Inc., A San Diego, CA-based company which develops terpene products and their derivatives for the flavor and fragrance, food ingredient, pharmaceutical, agricultural and biofuel markets, raised additional $3m reaching a second close of its $9m Series C financing. The round includes new investor Middleland Capital and existing investors Blue Grass Angels, Life Science Angels, Tech Coast Angels, Pasadena Angels and Tate & Lyle Ventures.
This funding, which adds to the $6m financing the company announced in February 2010, will allow the company to commercialize its initial three products for the flavor and fragrance industry, as well as to advance other products in its pipeline.
FinSMEs
13/04/2010