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Verenium
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Short description

Developer and commercializer of high-performance enzymes for use in industrial processes

Founded in 2007
Founded in

Company type Acquired Public (VRNM)
Company type

Industry Group materials & chemicals

Sector fuels & chemicals

TRL Range 9
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 San Diego, CA San Diego, United States
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Updated by Cleantech Group on 03/12/2020

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Date Partner Type
01/30/2012
Tate & Lyle Tate & Lyle
Tate & Lyle will use one of Verenium's proprietary enzyme products in the development of novel food ingredients.
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Confirmed by Tate & Lyle
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IPO INFORMATION

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Initial shares

Ticker symbol

VRNM

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Date Investors Type Amount
12/10/2012 Athyrium Capital Management Athyrium Capital Management (1)
Post-money valuation of
This secured debt financing round, which was accompanied by an issue of warrants to Athyrium to purchase approximately 2.9 million shares at $2.49 per share (a 17.5% premium), will provide Verenium with funds to advance its product pipeline to commercialization, enhance its manufacturing capabilities, and for general working capital.
 Structured Debt $22,500,000
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