Genomatica Raises $41.5 Million, Withdraws IPO

Biobased technology company Genomatica (San Diego) announced today that it has raised $41.5 million in a Series D financing round, which includes new investor and partner Versalis, and it will withdraw its registration for a public offering. The funding will enable Genomatica to accelerate commercialization of its 1,4-butanediol production platform and expand its product pipeline into other biochemicals, including butadiene, CEO and founder Christophe Schilling tells CW. Schilling also said that, after evaluating all financing options, the company determined that...

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