Solazyme
IPOPublic · South San Francisco, United States · Founded 2003 · $97.0M raised
- Headquarters
- South San Francisco, California
- Employees
- 201–500
- Founded
- 2003
- Business Model
- B2B
- Total Funding
- $97.0M
- Last Round
- $52.0M Series DAug 2010
- Rounds
- 2
- Type
- Public
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Solazyme (later rebranded TerraVia) was a publicly-traded biotechnology company that pioneered microalgae fermentation to create renewable oils and sustainable ingredients. Founded in 2003 by Jonathan Wolfson and Harrison Dillon in a Palo Alto garage, the company initially focused on biofuels before pivoting to food, nutrition, and personal care products. Solazyme rebranded as TerraVia in March 2016 to reflect its focus on food and nutrition, supplying algae-based food ingredients to brands including Hormel, Utz Quality Foods, and Enjoy Life Foods. TerraVia declared bankruptcy in August 2017 and its assets were acquired by Dutch biotechnology company Corbion for approximately $20 million.
Summary
Solazyme is an Agtech company based in South San Francisco, United States, founded in 2003. It has raised $97.0M in total across 2 rounds, most recently a $52.0M Series D round in Aug 2010. Investors include Braemar Energy Ventures, Morgan Stanley and Lightspeed Venture Partners.
Funding History
Aug 2010
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Funding: Series C through Series D. Amounts, valuations, and investors where available.
Investors
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