September 21, 2009

Green chem startups to watch

Undertaking a list of who's who in the green chemistry start-up field is a little bit difficult to do as for one thing, promoting their business takes money, and they would rather invest their money in developing their technologies first before spreading out their name. Of course, they still have to get out and get money from the investment world so that's when we (the media) hear snippets of information of who are entering this growing sector.

Here, for example, is a new company based in Menlo Park, California, called Rennovia, (thanks to my informant from the green underworld *lol*). This early stage green chemical development company recently raised $6 million in startup funding from 5AM Ventures and Versant Ventures, as noted in their Securities and Exchange Commission (SEC) filings.

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