Novomer Obtains New Financing

  • Feed Type
  • Date
    12/10/2013
  • Company Name
    Novomer
  • Mailing Address
    200 West Street Floor 4E Waltham, MA 02451
  • Company Description
    Novomer is a new materials company pioneering a family of low-cost, high-performance, green plastics, polymers and other chemicals. A wide variety of packaging, commercial, consumer and industrial markets are looking for new, advanced materials that combine environmentally friendly attributes, biodegradability, high quality, and low cost.
  • Website
    http://www.novomer.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    Undisclosed
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    SAEV’s investment will fund ongoing development of the technology platforms as well as construction of a market development plant to manufacture CO2–based polyols and the enhancement of Novomer’s sales and marketing organization.
  • M&A Terms
  • Venture Investor
    Saudi Aramco Energy Ventures
  • Venture Investor
    Physic Ventures
  • Venture Investor
    Flagship Ventures
  • Venture Investor
    OVP Venture Partners
  • Venture Investor
    DSM Venturing