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Molecular Assemblies Closes Oversubscribed $24 Million Series A Financing to Advance Enzymatic DNA Synthesis toward Initial Commercial Access
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SAN DIEGO, April 15, 2021 /PRNewswire/ Molecular Assemblies, Inc., today announced that it has closed an oversubscribed $24 million Series A financing with significant investment from Agilent Technologies, iSelect Fund, Codexis, Alexandria Venture Investments, and Argonautic Ventures. In addition LYFE Capital has joined the syndicate. The proceeds of the financing will be used to advance the company s proprietary enzymatic DNA synthesis technology toward early commercialization efforts. We have made significant progress in advancing our proprietary enzymatic DNA synthesis technology, said Michael J. Kamdar, President and CEO of Molecular Assemblies. Over the past year, we ve entered into a transformative partnership with Codexis and joined a new project with GE Research to enabl
Molecular Assemblies Closes Oversubscribed $24 Million Series A Financing to Advance Enzymatic DNA Synthesis toward Initial Commercial Access prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.