January 7, 2010

More funds, new CEO for Segetis

Green chemistry company Segetis is starting 2010 armed with influx of cash from new investors and a new CEO.

According to their press release, which I received last night, Segetis was able to closed a $17.2m series B round of financing coming the Malaysian Life Sciences Capital Fund and co-managed by Burrill & Company. DSM Venturing also participated in the investment as well as Segetis' first major investor Khosla ventures.

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