California-based Demetrix secured $50 million in a Sequence A funding, which the corporate will use for analysis of artificial cannabinoid manufacturing.
The Emeryville firm needs to make use of baker’s yeast to provide giant volumes of cannabinoids. Greater than 100 of cannabinoids may be discovered within the cannabis plant, generally in hint quantities.
The corporate didn’t specify which cannabinoids it’s specializing in.
The funding spherical was led by New York-based funding group Tuatara Capital with assist from an current investor, Horizons Ventures of Hong Kong.
Horizons Ventures, which led an preliminary $11 million Sequence Seed spherical in Demetrix, is the non-public funding arm of Chinese language enterprise magnate Li Ka-shing.
Extra particulars on the funding may be discovered on this information launch.
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