Allylix, a maker of products for the flavor and fragrance, pharmaceutical, nutraceutical and agricultural markets, said Nov. 29 it secured $3.35 million in financing it will use to launch three of six products.
Included in the financing were the Tech Coast Angels, Life Science Angels, Blue Grass Angels, Pasadena Angels and Tate & Lyle Ventures.
Allylix, a privately held San Diego company with research and development operations in Lexington, Ky., said it will initially focus on developing low-cost products for a $1.9 billion aroma chemical segment of the flavor and fragrance market.
The company’s technology, said to reduce the costly and laborious extraction of essential oils from plants, is based on research developed at the University of Kentucky and the Salk Institute for Biological Studies.
, Heather Chambers