Amyris closes second $25 million tranche of financing
In California, Amyris, Inc. announced the closing of the second and final tranche of its previously announced financing. The second tranche of $50 million in a private placement was led by a $25-million investment from Koninklijke DSM N.V. with the remaining $25 million contributed by Vivo Capital.
“We are pleased to have the support of key investors like DSM and Vivo in pursuing our growth strategy,” said John Melo, Amyris President & CEO. “We’ve delivered a very strong first half and are on track for our best year ever with more than doubling our product sales and continuing to build on our collaboration agreements while reducing our losses. As a result, later this week we will report one of our best revenue quarters in the company’s history since exiting the renewable fuels business.”
Category: Fuels
