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Lumen Bioscience
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Clinical stage biotechnology company with activities in carbon capture

Founded in 2017
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Company type Private Public ()
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Industry Group agriculture & food

Sector algae

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Seattle, WA Seattle, United States
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Date Company
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Date Partner Type
01/01/2008
Targeted Growth Targeted Growth
In 2008 Targeted Growth, Inc spun out a subsidiary, Lumen Bioscience LLC, a biotechnology company focused on producing renewable fuel and specialty chemicals derived from cyanobacteria (blue-green algae).
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Confirmed by Targeted Growth
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IPO INFORMATION

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Date Investors Type Amount
07/31/2020 US Department of Energy (DOE) US Department of Energy (DOE) (1)
Post-money valuation of
Grant for developing alkaline carbon capture and expression-streamlined spirulina cultivated in air for reliable bioproducts, oil, and nutrition
Grant $2,000,000
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