Flavors and Fragrances: BASF Invests $13.5 Million in Allylix

BASF’s Venture Capital investment arm has invested $13.5 million in Allylix (San Diego), a start-up producing flavors and fragrances from terpenes derived from biomaterials. BASF’s investment was part of an $18.2 million financing round for the company. BASF did not disclose the ownership stake it receives in exchange for the investment. Other investors in this investment round are Tate & Lyle Ventures, Avrio Ventures and Cultivian Ventures. “Our investment in Allylix could allow us to broaden our use of renewable raw materials for...

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