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Allylix

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Terpene products for flavor and fragrance, food ingredients, pharmaceuticals, agricultural and biofuels markets

Lexington, United StatesFounded 2002Biotech & Life Sciences
Valuation $100–250M Last recorded · 2012
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Allylix and the history behind them.

About Allylix

Founded in 2002, Allylix, Inc. operated as a biotechnology company specializing in the production of terpenes through a proprietary yeast fermentation process. The company's creation stemmed from a collaboration that began in 1994 between plant pathologist Joe Chappell and biologist Joseph Noel, who discovered that their insights into plant enzymes could be applied to produce flavors and fragrances more economically. Carolyn Fritz, with a background in industrial biotechnology at Cargill and Dow Chemical, was appointed CEO in 2005 to lead the company. Allylix established its headquarters in San Diego, California, with research and development facilities in Lexington, Kentucky.

The company's core business centered on a technology platform that used metabolically engineered baker's yeast to convert sugars into high-value terpenes, which are natural compounds typically found in minute quantities in plants. This fermentation-based approach provided a stable and cost-effective alternative to traditional extraction from botanical sources, which is often subject to supply volatility and high costs. For instance, the company could produce valencene (an orange flavor) and nootkatone (a grapefruit flavor) for a fraction of the traditional extraction cost. Allylix's business model focused on supplying these ingredients to clients in the flavor and fragrance, food and beverage, and personal care industries. The technology also held potential for producing compounds for pharmaceutical, agricultural, and biofuel markets.

Allylix's primary products included Nootkatone, a citrus aroma found in grapefruit, and Valencene, an orange flavor and fragrance. These ingredients were targeted at flavor and fragrance manufacturers and large consumer product companies. Nootkatone also showed promise as an effective insect repellent against pests like ticks and mosquitoes. The company successfully scaled its manufacturing to industrial levels, capable of producing in 200,000-liter fermentation tanks. This capability allowed Allylix to offer a consistent, high-quality supply of terpenes that were previously difficult to source reliably. In a significant milestone, Allylix was acquired by the Swiss company Evolva Holding SA in a deal that closed in December 2014, making it a wholly owned subsidiary. The acquisition expanded Evolva's intellectual property portfolio, adding Allylix's 160 patents and applications to its own.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2002
Headquarters
Lexington, United States
Employees
4
Open positions
None listed
Dealroom signal
56.3/100
Industry
Health, Food
Sub-industry
BioTechnology, AgriTech
Sector
Biotech & Life Sciences, Biotechnology, Spinout, Biotech and Pharma, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b

Funding history

9 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Nov 2014 $0 — Evolva —
LATE VC✓Equity / VC Mar 2012 $18M $73M BASF —
Showing the latest 2 of 9 recorded eventsBook a demo for the full funding history →

Growth signals

Allylix website traffic

Latest recorded traffic for Allylix is 370 monthly website visits, up 236.4% over the last three months. Allylix's team grew 0% over the past year.

Latest monthly visits370 3-month web change+236.4% 1-year team growth0%
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Similar companies

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

18 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

  • Bluegrass Angels
  • Carolyn Fritz
  • Commonwealth Seed Capital

Series B and later10 investors entered at this stage

  • Kentucky Science and Technology Corporation
  • Pasadena Angels
  • Tate & Lyle Ventures
  • Life Science Angels
  • Tech Coast Angels
  • Cultivian Ventures
  • Arab Gulf Programme for Development
  • Midpoint Food
  • Middleland Capital
  • BASF

Other known investors5 additional known investors

  • Evolva
  • University of Kentucky
  • Avrio Capital
  • BASF Venture Capital
  • Mark Edward Roberts
Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Allylix on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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