# Calysta

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/calysta

- Industry: Biotechnology
- Headquarters: San Mateo, US
- Website: www.calysta.com
- Total disclosed funding: $152M
- Latest round: Series D (Sep 9, 2021)
- Investors on record: 13

## About

Established in 2011 and based in California, US, Calysta, Inc. creates sustainable alternative protein for food and feed ingredients by fermenting natural gas with naturally occurring bacteria. The company was founded by Alan Shaw, David McElroy, and Josh Silverman, and as of September 2021, Calysta, Inc. operates in Singapore, United Kingdom, and the US. In September 2021, the company received USD 39 million in venture funding from bp ventures, Adisseo, AquaSpark, and WTI, as well as other existing investors.

The company offers FeedKind, a gas fermentation technology platform that applies biotechnology to the power of naturally occurring bacteria with a suite of market reactor technologies that enable commercial-scale development of protein and future products. It converts natural gas into food which creates fish, livestock, and pet nutritional products that don’t interfere with the human food chain.

Calysta, Inc. will use the September 2021 funding to support the global scale-up of production of its FeedKind protein and to support scoping and pre-development of Calysta’s site, outside Asia. As of September 2021, the company is working towards the completion of the FeedKind production facility in China via Calysseo, Calysta’s 50/50 JV with Adisseo. It is set to come online in late 2022. It also operates an R&D facility in the UK.

## Funding rounds

- Series D, Sep 9, 2021, $39M — WTI, Adisseo Group, BP Ventures, Aqua-Spark
- Series E, Jun 27, 2019, $30M — BP Ventures
- Series D, May 1, 2017, $40M — Temasek Holdings, Municipal Employees' Retirement System of Michigan, Pangaea Ventures, Cargill Master Retirement Trust, Aqua-Spark, Mitsui & Co., Celesta Capital
- Series C, Feb 2, 2016, $30M — Bessemer Trust, Municipal Employees' Retirement System of Michigan, Pangaea Ventures, Cargill Master Retirement Trust, Aqua-Spark, Celesta Capital
- Series B, Jan 22, 2015, $10M — Walden Catalyst, Pangaea Ventures, Riverwood Capital, Aqua-Spark
- Series A, Dec 11, 2013, $3M — Pangaea Ventures

## Investors

- Pangaea Ventures (https://capitalatlas.ai/funds/pangaea-ventures) — Series A, Series B, Series C, Series D
- Walden Catalyst (https://capitalatlas.ai/funds/walden-catalyst) — Series B
- Riverwood Capital (https://capitalatlas.ai/funds/riverwood-capital) — Series B
- Aqua-Spark (https://capitalatlas.ai/funds/aqua-spark) — Series B, Series C, Series D
- Bessemer Trust — Series C
- Municipal Employees' Retirement System of Michigan — Series C, Series D
- Cargill Master Retirement Trust — Series C, Series D
- Celesta Capital (https://capitalatlas.ai/funds/celesta-capital) — Series C, Series D
- Temasek Holdings — Series D
- Mitsui & Co. — Series D
- BP Ventures (https://capitalatlas.ai/funds/bp-ventures) — Series E, Series D
- WTI — Series D
- Adisseo Group — Series D