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Elixir Bio-Tech logo — company profile

Elixir Bio-Tech

Founded 2010 Convertible Note Total: $250.00K Biotechnology, Health Care

General Information

Company Name Elixir Bio-Tech
Founded Year 2010
Industries Biotechnology, Health Care
Funding Stage Convertible Note
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About Elixir Bio-Tech

Elixir Bio-Tech, founded in 2010, is positioned to establish the 'Algae Industrial Park' on a 320-acre expanse in Sierra County, NM. The venture focuses on patented and proprietary Closed & Greenhouse bioreactor systems, intending to produce multi-purpose Algae Biomass for Nutraceuticals, Pharmaceuticals, and Biofuels. Notably, the Algae Industry is attracting significant attention with investments from the DOE/USDA, Exxon Mobil, Chevron, Royal Dutch Shell, Phillips Petroleum, and Bill Gates. The company's leadership possesses extensive expertise in Algae Engineering and Technology. Collaborations with NM's Santa Fe Community College's Biofuel program and other partners are aimed at enhancing Algoculture techniques. With a favorable climate, New Mexico offers an optimal location for year-round Algae farming, situated near Spaceport America. Elixir Bio-Tech's potential to secure biofuel contracts is bolstered by its proximity to aerospace companies. In terms of funding, the venture is seeking an immediate capital raise of $1M, supported by the Algae Industrial Park property as collateral for product transactions. Additionally, a longer-term budget of $5M for pre-opening operations is in the plans, potentially backed by a USDA REAP loan covering land acquisition, working capital, construction, and equipment costs. The projected ROI is 25% in the second year, outlining a promising investment opportunity. Elixir Bio-Tech's valuation at $50M under Regulation D Sec. Rule 506 for private investors, indicates its potential for growth over a three-year period within the Biotechnology and Health Care sectors.

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Convertible Note Elixir Bio $250.00K -
22 Apr 2014

FAQ About Elixir Bio-Tech

Elixir Bio-Tech is set to inaugurate the 'Algae Industrial Park' on a 320-acre expanse in Sierra County, NM. This facility will spotlight patented and proprietary Closed & Greenhouse bioreactor systems that yield multi-purpose Algae Biomass for applications spanning Nutraceuticals, Pharmaceuticals,...
Elixir Bio-Tech was founded in 2010.
Elixir Bio-Tech operates in Biotechnology and Health Care.
Elixir Bio-Tech has completed 1 funding round, raising a total of $250.00K. The latest funding stage is Convertible Note.

We're actively collecting intelligence on Elixir Bio-Tech.

Source: BounceWatch company record for Elixir Bio-Tech, https://bouncewatch.com/company/elixir-bio-tech, updated 27 October 2024. When citing, please name BounceWatch and link this page.

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