Solix BioSystems (formerly Solix Biofuels) is a Ft. Collins, Colorado–based developer of algae production technology designed to produce algal biocrude and other algal products at industrial scale. Its core product is the AGS™, an industrial algae growth system that uses proprietary high-productivity photobioreactors. The company intends to commercialize the AGS to produce algae-derived products and to reduce CO2 emissions, working with partner organizations interested in those applications. Led by CEO Joel Butler, Solix operates a demonstration facility near Durango in Southern Colorado. As the first part of its Series B financing, Solix has raised over $16M from existing backers Bohemian Ventures, The Southern Ute Alternative Energy Fund and I2BF Global Ventures. The funds will be used to advance commercialization of its industrial algae growth system.

Total raised

$16M

Funding rounds

1

Latest round

Series B

Latest activity

Mar 2011