September 8, 2010

Solazyme's bubbling algae investors

Solazyme has been a very, very busy company this year gathering big time investors from across various industries to its fold. Many industry analysts are speculating this is part of a big-time preparation for an IPO (initial public offering).

Today, Solazyme announced its current development partner Unilever has joined its Series D financing round although no investment figures were disclosed. Recalling from a past post in March, Unilever and Solazyme joined in a developing deal to use algal oil in soaps and personal care products. I also mentioned in the post that Solazyme has a patent filed last year on algae-derived polysaccharides that can be used as an anti-aging skin care ingredient.

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