# Lygos funding: rounds and investors

> Lygos has raised $35M across 4 rounds since 2016. Investors include IA Ventures, OS Fund and Y Combinator. Every round with its source.

Source: https://millionrounds.com/company/lygos (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Lygos*

4 rounds we have observed, with the 7 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Biotech Chemicals & Materials Healthcare

Y Combinator: W16

Funding summary Updated 26 Oct 2026

**$35M** raised across 4 rounds since 2016, from 4 sources

**$13M** Series A **$16M** Series B **$5.0M** Round **$1.8M** Grant

- **Latest round:** Grant, $1.8M Jul 2024
- **Biggest round:** $16M Series B · Jul 2018
- **Investors:** 7 (2 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2018 2020 2022 2024

**$13M** Series A

**$16M** Series B

**$5.0M** Round

**$1.8M** Grant

- **First round:** Series A, $13M
- **Biggest round:** $16M
- **Usual gap between rounds:** 19 months

## The rounds

- **Jul 2024** Grant **$1.8M** *4 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [First Round Capital](https://millionrounds.com/fund/first-round-capital) [Fifty Years](https://millionrounds.com/fund/fifty-years-industries-llc) Source recorded
- **Jan 2019** Round **$5.0M** *1 new* [LG](https://millionrounds.com/fund/lg-technology-ventures) Reported by FinSMEs SEC filing: $16M sold, first sale Mar 2018
- **Jul 2018** Series B **$16M** *2 returning* [IA Ventures](https://millionrounds.com/fund/ia-ventures) [OS Fund](https://millionrounds.com/fund/os-fund) Reported by FinSMEs
- **Dec 2016** Series A **$13M** *2 new* [IA Ventures](https://millionrounds.com/fund/ia-ventures) Lead [OS Fund](https://millionrounds.com/fund/os-fund) Lead Reported by TechCrunch SEC filing: $13M sold, first sale Oct 2016

## Founders and team

From the SEC filings it signed: 2 on the team.

- **Eric Steen** Executive Officer, Director i
- **Jeffrey Dietrich** Executive Officer i

On the board, as filed i *Brad Gillespie* *Jay Keasling*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2016 **Series B** 2018 **Round** 2019 **Grant** 2024 [IA Ventures](https://millionrounds.com/fund/ia-ventures) L [OS Fund](https://millionrounds.com/fund/os-fund) L [Y Combinator](https://millionrounds.com/fund/y-combinator) [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [First Round Capital](https://millionrounds.com/fund/first-round-capital) [Fifty Years](https://millionrounds.com/fund/fifty-years-industries-llc) [LG](https://millionrounds.com/fund/lg-technology-ventures)

## Everyone who backed them

[IA Ventures](https://millionrounds.com/fund/ia-ventures) VC firm **2** rounds, led 1

[OS Fund](https://millionrounds.com/fund/os-fund) VC firm **2** rounds, led 1

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round

[National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government **1** round

[First Round Capital](https://millionrounds.com/fund/first-round-capital) VC firm **1** round

[Fifty Years](https://millionrounds.com/fund/fifty-years-industries-llc) VC firm **1** round

[LG](https://millionrounds.com/fund/lg-technology-ventures) Corporate VC **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=lygos).

## Also claim to have backed them

These 3 firms list Lygos as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[10x Founders](https://millionrounds.com/fund/10x-founders) VC firm Per its own site

[Catapult](https://millionrounds.com/fund/catapult-vc) VC firm Per its own site

[Compa Capital](https://millionrounds.com/fund/compa-capital) VC firm Per its own site

## Quick answers about Lygos

### Who invested in Lygos?

Lygos's investors include IA Ventures, OS Fund, Y Combinator, National Science Foundation and First Round Capital, and 2 more on record.

### How much has Lygos raised?

Lygos has raised $35M across 4 rounds since 2016.

### When did Lygos last raise?

Lygos's most recent round was a Grant of $1.8M in Jul 2024.

### What was Lygos's biggest round?

Lygos's largest round on record is $16M (Series B), in Jul 2018.

### Who backed Lygos first?

Lygos's first round on record, in Dec 2016, was backed by IA Ventures and OS Fund.

### What stage is Lygos at?

Lygos's latest named round is a Grant, in Jul 2024.

### Where is Lygos based?

Lygos is based in the United States.

### Who led Lygos's rounds?

IA Ventures led the Series A in 2016.

## Companies like Lygos

In the same sector, and raised in the last eighteen months.

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