In Latest Win For The Bio-Economy, Genomatica Raises $118 Million Led By Novo Holdings

  • 📰 Forbes
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

In the latest win for the bio-economy, Genomatica raised $118 million led by Novo Holdings

ome companies have a quick start. Others take a head-bangingly long time to develop their technology and begin to scale up. Christophe Schilling, who co-founded which makes bio-based alternatives to key chemicals, more than two decades ago, knows the long game of entrepreneurship well.Today, however, Schilling is flying high as he tells that his San Diego-based firm raised $118 million led by Novo Holdings, bringing Genomatica’s total funding to $388 million.

“It’s an interesting moment in time for us,” he says. “We have focused on these big-volume things because the ethos of the company is around sustainability. We think about volume and scale.” “It’s not just about some cool, sexy science that we’ve got to get right and it’s not only that we have to produce product—but the cost point that we’ve got to get to is quite low.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lydia Jacoby, teen swimmer from Alaska, upsets Lilly King to win gold at Tokyo 2020Born in Anchorage and raised in Seward, the teenage athlete is the first Alaskan swimmer to win an Olympic gold medal.
Source: Newsweek - 🏆 468. / 52 Read more »

Locarno Film Festival: Japanese Anime ‘Belle’ Wins Inaugural Kids AwardBelle, the latest animated feature from Oscar-nominated Japanese director Mamoru Hosoda (Mirari), has won the inaugural Locarno Kids Award, a new prize handed out by the Locarno International Film …
Source: THR - 🏆 411. / 53 Read more »

See the pitch deck that clinical-trial firm Castor used to raise $45MThis entrepreneur thinks computer simulations could replace human drug-trial participants by 2035. See the pitch deck that helped his startup raise $45 million.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Olympics Latest: Surfing contest delayed due to low tideTOKYO (AP) — The Latest on the Tokyo Olympics, which are taking place under heavy restrictions after a year’s delay because of the coronavirus pandemic: ___ The men’s surfing contest at the Olympics has been delayed 90 minutes due to low tide at Tsurigasaki beach, about 90 miles east of Tokyo. Fuck you to all the haters about the Olympics! We're all enjoying it here. Is anybody actually watching the Olympics? Did they burn an American flag yet or give a speech on the evils of white people? Who would watch this tripe. No better swimmer’s name than that
Source: AP - 🏆 728. / 51 Read more »

America has to get serious about its child care crisis — before it's too late.AliciaMenendez: Quite simply, without child care — and, by extension, child care workers — the U.S. economy cannot function. MSNBC25 AliciaMenendez There are over 16,000,000 Americans actually unemployed. Make them babysit in order to keep collecting unemployment benefits. MAGA2022 Trump2024 KAG4Eva AliciaMenendez Why can't we just supply basic maintenance so that a parent can choose to stay home w/ their children until they are in school?
Source: MSNBC - 🏆 469. / 51 Read more »