Segetis Receives $25,500,000 Series C Round

  • Feed Type
  • Date
    8/21/2012
  • Company Name
    Segetis
  • Mailing Address
    680 Mendelssohn Avenue N. Golden Valley, MN 55427
  • Company Description
    Segetis is a green chemistry company developing a variety of bio-based chemical products from renewable agricultural and forestry feedstocks.

    Segetis advances cost-competitive technologies for generating the second wave of industrial bioproducts – high value non-fuel chemicals for significant industrial and consumer markets. Segetis’ portfolio consists of several platform technologies that are based on proprietary functional intermediates. Segetis is uniquely positioned to enable uses of its chemistry for production of novel bio-plastics, surfactants, plasticizers, adhesives, coalescent solvents and other compounds for specialty chemical applications.

  • Website
    http://www.segetis.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $25,500,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    The new financing will accelerate our progress in ramping up the supply chain and commercialization of our high-performing renewable chemicals.
  • M&A Terms
  • Venture Investor
    Saudi Basic Industries Corporation Ventures B.V.
  • Venture Investor
    Khosla Ventures
  • Venture Investor
    Malaysian Life Sciences Capital Fund
  • Venture Investor
    PNB Equity Resource Corporation Sdn Bhd
  • Venture Investor
    DSM Venturing

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