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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=85dc45f2-d311-4100-9b08-cb1087233091&Preview=1 -
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.
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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
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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