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.”
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