Phytonix Corp. is a Black Mountain-based solar chemical company that aims to produce sustainable chemicals and fuels from carbon dioxide. The company, formerly known as Planktonix, filed a Form D with the SEC reporting $1.7 million in equity and options sold. The filing states the total offering amount is $3.0 million, with $1.2 million remaining to be sold. Phytonix said a portion of the proceeds will be used for executive compensation. CEO and founder Bruce Dannenberg leads the company; his background includes technology commercialization and work in the semiconductor, biotechnology, and capital markets sectors. The company is using a Reg D exemption for the offering.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2017