Synthetic biology startup Lygos raises $13 million from OS Fund and IA Ventures to make cleaner chemicals
Lygos uses microbugs to convert low-cost sugar into specialty chemicals used in manufacturing, and is now releasing a technique to make malic acid, an ingredient needed in the mass production of electronics. To do so, the company announced today it has raised $13 million in Series A funding led by OS Fund and IA Ventures, with participation from First Round Capital, Y Combinator’s Continuity Fund, Fifty Years, Vast Ventures and various angel investors.
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