Advertisement
Sino Biological
Sino Biological

Glowing Plants Firm Gets Venture Backing

After raising more than $450,000 on Kickstarter, a startup making glow-in-the-dark houseplants attracts seed funding from a Silicon Valley venture capital firm.

By | August 13, 2014

Arabidopsis thaliana, ine of the plants Glowing Plant seeks to light upWIKIMEDIA, SUI-SETZPlants genetically modified to glow in the dark just got one step closer to becoming a household reality. Glowing Plant, a fledgling synthetic biology company that intends to sell Arabidopsis thaliana and rose seeds that will grow glowing plants, has been backed by Y Combinator, a Silicon Valley venture capital firm that makes small investments in a large number of startups every year. Glowing Plant made more than $450,000 last year with a campaign on Kickstarter. The move marks an incursion into the life science space for Y Combinator, which has thus far invested in web and tech companies rather than in biotechs.

Glowing Plant’s CEO Antony Evans told TechCrunch that Y Combinator saw a viable investment in his company in part due to plummeting costs surrounding genome sequencing and gene manipulation technologies. “The rise of the affordable biotech company is what’s driving [Y Combinator’s] interest in the space,” he said. “Costs are coming down tremendously fast.”

In the midst of its Kickstarter campaign, Glowing Plant was criticized by environmental groups that opposed the project due to a perceived lack of regulatory oversight.

Add a Comment

Avatar of: You

You

Processing...
Processing...

Sign In with your LabX Media Group Passport to leave a comment

Not a member? Register Now!

LabX Media Group Passport Logo

Follow The Scientist

icon-facebook icon-linkedin icon-twitter icon-vimeo icon-youtube
Advertisement

Stay Connected with The Scientist

  • icon-facebook The Scientist Magazine
  • icon-facebook The Scientist Careers
  • icon-facebook Neuroscience Research Techniques
  • icon-facebook Genetic Research Techniques
  • icon-facebook Cell Culture Techniques
  • icon-facebook Microbiology and Immunology
  • icon-facebook Cancer Research and Technology
  • icon-facebook Stem Cell and Regenerative Science
Advertisement
UVP
UVP
Advertisement
The Scientist
The Scientist