EcoSynthetix Secures $10,100,000 New Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=aee15677-9ce7-43e6-aca0-f6e2ec2132b2&Preview=1
Date
1/13/2010
Company Name
EcoSynthetix
Mailing Address
3900 Collins Road Lansing, MI 48910
Company Description
The company’s mission is to be the world’s leading supplier of biolatex™ emulsions helping our customers reduce their reliance on petroleum-based products.
Website
http://www.ecosynthetix.com
Transaction Type
Venture Equity
Transaction Amount
$10,100,000
Transaction Round
Undisclosed
Proceeds Purposes
The new funding will be used for working capital and general corporate purposes as EcoSynthetix expands its production, sales and marketing efforts in 2010.
M&A Terms
Venture Investor
Canaccord Financial
Venture Investor
Undisclosed