Advertisement
ProteinSimple
ProteinSimple

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.

Advertisement

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
Advertisement

Popular Now

  1. Lost Y Chromosome Genes Found on Autosomes
  2. Brain Drain
    Daily News Brain Drain

    The brain contains lymphatic vessels similar to those found elsewhere in the body, a mouse study shows.

  3. Next Generation: Souped-up Probiotics Pinpoint Cancer
  4. Genomes Point the Way
    Daily News Genomes Point the Way

    Sequence analysis of Egyptian, Ethiopian, and non-African peoples indicates a likely route taken by modern humans migrating out of Africa.

Advertisement
Advertisement
BioTek
BioTek