Novomer raises US$14 mln in second round of venture funding to scale technology

In a move that will help the company fund scaling of technology, Novomer has raised US$14 mln in a second round of venture funding. Novomer is one of a very few companies in the race to create biodegradable plastics. The company brought in a US$6.6 mln first-round of financing in 2007 co-led by Physic Ventures and Flagship Venture Partners, and including DSM Venturing. OVP Venture Partners joined to lead the recent round. The company has also received support from the U.S. Department of Energy, the National Science Foundation and the state of New York.
  More News  Post Your Comment

Previous News

Next News

{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha