Allylix Raises $6M

San Diego-based Allylix, a developer of technology for producing fragrances and flavorings, announced today that it has raised $6M in a Series C funding round. The round was led by Midpoint Food & Ag Fund, as well as Avrio Ventures and Tate & Lyle Ventures. The firm said that it also expects a second closing on the Series C within the next 90 days. Allylix said the new funding will allow it to commercialize its first three products, as well as to advance several additional products in the pipeline. More information »