Thursday, November 29, 2007

Allylix Scores $3.35M

San Diego-based Allylix, a developer of chemicals for the flavor, fragrance, pharmaceutical, nutraceutical, and agricultural markets, said today that it has raised $3.35M in a venture round. The funding came from the Tech Coast Angels, Life Science Angels, Blue Grass Angels, Pasadena Angels, and Tate & Lyle Ventures. Allylix said the funding will be used to launch the first three of the company's six initial products. Allylix develops products based on terpenes. Allylix said that it maintains is business operations in San Diego, and research and development in Lexington, Kentucky. Lead investor on the deal for the Tech Coast Angels was Stephen Block. More information »

---