Verdezyne, Inc., a Carlsbad, CA-based industrial biotechnology company developing processes for the production of renewable fuels and chemicals, has closed a new funding round of undisclosed amount.
New investors BP Alternative Energy Ventures and DSM Venturing B.V., joined existing backers OVP Venture Partners and Monitor Ventures.
The company intends to use the funds to continue to build its yeast metabolic engineering capabilities to produce a pipeline of renewable transportation fuels and platform chemicals.
Led by CEO and president E. William Radany, Verdezyne uses proven and proprietary metabolic pathway engineering tools to create yeast strains for cost-effective production of biobased fuels and chemicals.
FinSMEs
09/05/2011