Bio - based specialty chemicals company Lygos has won $ 13 m in Series A funding from investors including IA Ventures and OS Fund . The California - based firm uses organic microbes with sugar and ethanol to create high - value specialty chemicals , in a cleaner , safer alternative process to the dirty petrochemical industry . The funds raised will be used to continue " building our team , our product and QC infrastructure " , said Eric Steen , co - founder and CEO of Lygos .
Bio-based specialty chemicals company Lygos has won $13m in Series A funding from investors including IA Ventures and OS Fund. The California-based firm uses engineered microbes with sugar and water to create high-value specialty chemicals, in a cleaner, greener alternative process to the dirty petrochemical industry. The funds raised will be used to continue "building our team, our manufacturing and QC infrastructure", said Eric Steen, co-founder and CEO of Lygos.