United States - Solon, Ohio - Locus Fermentation Solutions (Locus FS), a green technology company specializing in creating biological substitutes for chemicals that improve decarbonization goals, has secured a $117 million debt financing deal backed by IP insurance, Jefferies. With this latest investment round, the firm has now raised more than $250 million in total, allowing it to move closer to its goal of providing environmentally friendly solutions across a wide range of industries.

Founded in 2013 and led by CEO Andrew Lefkowitz, Locus FS's low-cost, near-zero-carbon production technology creates solutions that outperform chemicals in a variety of industries. Locus FS has several subsidiaries, including Locus Agricultural Solutions, which helps farmers grow more food while reducing greenhouse emissions; Locus Animal Nutrition, which reduces methane emissions while increasing livestock productivity; Locus Bio-Energy Solutions, which sustainably increases oil production in declining wells; Locus Mining Solutions, which extracts more minerals and metals needed for clean energy technologies; and Locus Performance Ingredients, which helps farmers grow more food while reducing greenhouse emissions.

The value of Locus Fermentation Solutions' intellectual property (IP) and library of over 1,300 biomanufacturing technology patent filings drove the financing. Markel, Liberty Specialty Markets, CNA, Aspen, and Fidelis all took part in a collateral insurance policy based on Locus FS' intellectual property.