Phytonix

company

About

Phytonix is an industrial biotechnology company producing sustainable chemicals directly from carbon dioxide.

  • 1 - 10

Details

Last Funding Type
Series Unknown
Industries
Biotechnology,Chemical,Industrial
Founded date
Jan 1, 2009
Number Of Employee
1 - 10
Operating Status
Active

Phytonix Corporation is an industrial biotechnology company producing sustainable chemicals directly from carbon dioxide. The company’s patented process employs cyanobacteria, and it is a professional in bio-safe, direct solar chemicals and fuel production utilizing carbon dioxide as the sole feedstock and energy from the sun.

Phytonix Corporation and its partners utilize a collaborative and distributed business model based upon circular economy principles, to produce a variety of renewable chemicals and biofuel from carbon dioxide, sunlight, and water via patented photobiological and genomics technology. It also produces biobutanol and biopentanol, industrial chemicals, and potential fuels to replace gasoline.

Phytonix Corporation’s first product in its pipeline, n-butanol, can be used for a broad array of fuels and chemicals, including jet fuels, bio-based plastics, and synthetic rubber. Its n-butanol production process is a replacement for the fossil-based, carbon-intensive process currently used by the world’s largest chemical companies. The company seeks to eliminate the need for biomass, such as food or other crops, in both biochemical and biofuel production.

Phytonix Corporation has developed engineered cyanobacterial species that secrete n-butanol in a significantly carbon-negative, photosynthetic process. The company estimates that the production cost of its biobutanol will be 1.35 U.S. dollars per gallon.

It was founded in 2009 by Bruce Dannenberg and is headquartered in Asheville, North Carolina.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
Phytonix has raised a total of — in funding over 2 rounds. Their latest funding was raised on Oct 18, 2018 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Oct 18, 2018 Series Unknown 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
Phytonix is funded by 1 investors. Keiretsu Forum Mid Atlantic are the most recent investors.
Investor Name Lead Investor Funding Round
Keiretsu Forum Mid Atlantic Series Unknown