Ginkgo raises funds, forms partnership | December 18, 2017 Issue - Vol. 95 Issue 49 | Chemical & Engineering News
Volume 95 Issue 49 | p. 15 | Concentrates
Issue Date: December 18, 2017

Ginkgo raises funds, forms partnership

Department: Business
Keywords: Biotechnology, synthetic biology, pharmaceuticals, agriculture, microbes

Synthetic biology start-up Ginkgo Bioworks raised $275 million in its fourth round of venture capital funding, led by Viking Global Investors, the Y Combinator Continuity fund, and Bill Gates’s Cascade Investment. Ginkgo will use the money to open its third facility to develop microbes altered with synthetic DNA. Ginkgo sells the microbes to firms that use them to produce flavors, fragrances, and other molecules. Separately, it has a new partnership with Synlogic, a drug discovery firm, to find so-called living medicines to treat neurological and liver disorders.

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