Propel(x), an online angel investment platform that helps investors source, evaluate and fund pioneering science and technology start-ups, today announced that Aromyx, a patented technology that captures human sensory experience of taste and smell, is raising $3. 6M of growth capital on the platform of Propel(x) Incubated at Stanford’s StartX accelerator and the Plug and Play Ventures Materials program, Aromyx was founded by Chris Hanson and has offices and offices in Palo Alto, California. Investors include Oriza Ventures, Eric Di Benedetto, Stanford-StartX Fund, Rationalwave Capital, John (‘Launny’) Steffens, Spring Mountain Capital, and TEEC Angel Fund.
Aromyx Corporation develops technologies that, for the first time, allow scientific, reproducible measurement and digitization of taste and scent. The unique platform of the company, EssenceChipTM, a disposable biosensor, puts human taste and olfactory receptors in a biochip. EssenceChip is used in food and beverage, flavoring and fragrance, consumer packaged goods, chemical and agricultural industries. Aromyx is currently in advanced negotiations with some of the world’s largest consumer packaged goods companies.
‘Propel(x) has helped us to gain access to high-profile individual investors who have brought tremendous value and experience to the table and helped these investors evaluate and understand our sophisticated technology,’ said Chris Hanson, CEO and Founder of Aromyx. ‘We look forward to continuing our work with Propel(x) and reaching our current $3 fundraising goal. $6 million As we continue to grow, we are moving closer to revolutionizing the food, beverage and consumer goods industries in order to create healthier, safer and more affordable products. ”
‘Aromyx’s first technology of its kind pushes the limits of what some would never have imagined possible-the ability to mimic human brains and process taste and scents,’ said Swati Chaturvedi, CEO of Propel(x) ‘Their technology has the potential to have a huge impact on society-reforming products, say with less coloring and chemicals, to develop healthier and more affordable versions of products with the same taste and smell. We applaud Aromyx for their fundraising success on the Propel(x) platform and look forward to seeing more of the big things for Aromyx. ”
Financing for the Future
Propel(x) was founded to help angel investors identify, understand and invest in cutting-edge technologies in sectors such as life sciences, computer science, energy & clean technology, new materials and space. Not only are investors investing in science and technology companies financing some of the most innovative technologies, they are also investing in some of the most lucrative – deep technology companies account for the majority of the DJIA index today.
About the propeller(x)
Inc Propel(x) It is an online investment platform that connects science and technology start-ups with angel investors in order to launch huge innovations, grow big business, and have an impact on people’s way of life. Founded in 2013 by CEOs Swati Chaturvedi and Lisheng Wang, Propel(x) introduces its members to ground-breaking start-ups developing new forms of clean energy, life-saving drugs, new space exploration methods and innovative new materials, among others. By facilitating private financing for start-ups on the basis of scientific and technological breakthroughs, Propel(x) seeks to change the world and build the next generation of large companies. For more information, please visit: The propellex Come on,
About the Aroxyx
Aromyx Corporation develops technologies that, for the first time, allow scientific, reproducible measurement and digitization of taste and scent. The unique platform of the company, EssenceChip, a disposable biosensor, puts human taste and olfactory receptors and their associated signal transduction system into an assay or biochip. EssenceChip is used in food and beverage, flavoring and fragrance, consumer packaged goods, chemical and agricultural industries. Aromyx has a lab and offices in Palo Alto, California.
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