IHS Chemical Week

People & Business :: Energy and Feedstocks

Biobased chemicals start-up completes $3-million financing round

9:03 AM MST | December 11, 2013 | Francinia Protti-Alvarez

Calysta Energy (Menlo Park, CA) has completed a series-A financing round totaling $3 million, the company announced today. The financing was led by Pangaea Ventures (Vancouver, BC) and included current Calysta officers and directors. Calysta intends to use the investment to advance development of biological routes to high-value industrial chemicals and fuels based on methane. “Demand for new technology solutions in industrial chemicals and fuels has created a global market opportunity. This financing positions Calysta to continue rapid development of...

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