Renewable chemical companies seem to be getting better in raising money from venture firms these days.
An article from Reuters cited the recent news (which I also posted in my news roundup) about biosuccinic acid producer DNP Green Technology raising $12m from venture firms Sofinnova Partners, Mitsui & Co., Venture Partners, Samsung Ventures Investment Corp., Clifton Group, and AquaRIMCO. All are new investors except for AquaRIMCO.
Reuters also noted other examples such as bioplastic developer Novomer when it raised $14m in August; Draths Corp. with $21.7m in spring; Segetis with a $15m start-up investment from Khosla Ventures in 2007; and recently Rennovia, where I posted in September about their $6m seed funding from 5AM Ventures and Versant Ventures.
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