Genomatica completes 90 M$ financing and strengthens partnership with Ginkgo Bioworks

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Type of post: FLASH NEWS.

- Genomatica has just announced that it has issued 90 M$ in its latest equity offering, strengthening its balance sheet to fully execute on its business plan and fuel new growth opportunities.
- Main participants: Casdin Capital (new lead investor), Viking Global (returning investor and largest shareholder) and Ginkgo Bioworks (organism engineering partner).
- Genomatica have also announced that it is extending its relationship with Ginkgo to accelerate biotechnology innovations for widely-used chemicals. Ginkgo will now provide expanded access to their foundry capabilities and services, while increasing its equity stake in Genomatica.
Press release: Genomatica Completes $90 Million Financing to Drive Technologies for More Sustainable Everyday Products, 3/10/2018.
Related posts:
- Novamont opens a commercial-scale BDO biorefinery in Italy with technology of Genomatica, 30/9/2016.
- GENO BG – Genomatica unveils new biobased route to produce 1,3-butylene glycol, 23/8/2017.
- Aquafil and Genomatica come together to develop sustainable caprolactam for bio-nylon products, 26/1/2018.

Figure 1. Genomatica strengthens partnership with Ginkgo Bioworks

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