Biobased chemical developer Genomatica raises another $90 million

Biobased chemical developer Genomatica raises another $90 million

The biobased chemical developer Genomatica has raised $90 million in its latest round of fundraising. Among the firm’s investors is Ginkgo Bioworks, a synthetic biology company that is expanding its research pact with Genomatica. Genomatica takes credit for two commercial processes: The Italian firm Novamont uses its technology in a 1,4-butanediol plant that opened in 2016, and Genomatica markets its own product, 1,3-butanediol, to the cosmetics industry.

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