Welcome Guest to Coatings World    Login || Register
Last Updated Tuesday, October 6 2015

Segetis raises $25.5 Mn in series C financing for commercialization of renewable chemicals

Published August 20, 2012
Segetis, Inc. has raised $25.5 million in its Series C financing. Saudi Basic Industries Corporation (SABIC) Ventures B.V. led the investment with full participation by current Segetis investors including Khosla Ventures, Malaysia Life Science Capital Fund (MLSCF), and Royal DSM, through its venturing subsidiary DSM Venturing. A new Malaysian-based investor, PNB Equity Resource Corporation Sdn Bhd, also joined in this round of financing.

"As one of the fastest growing chemical companies, SABIC is a fantastic addition as a strategic investor," said Atul Thakrar, Segetis CEO. "SABIC's lead in this round and the follow-on investment from our current investors demonstrates the strong confidence and excitement in what we are trying to accomplish. The new financing will accelerate our progress in ramping up the supply chain and commercialization of our high-performing renewable chemicals."

"Innovative materials are critical to the evolution and success of the specialty chemicals and polymers industry" said Hans Kolnaar, managing director of SABIC Ventures. "We often say our company has a history of breakthrough solutions that solve our customers' most pressing challenges. Segetis has game-changing technology with the capability and experience to deliver those breakthrough solutions to the market."

Segetis' board of directors has been expanded to include Hans Kolnaar and two experienced industry executives as independent directors—James Barber and Tjerk De Ruiter.

Segetis is a technology-enabled green chemistry company producing proprietary chemical building blocks to bring transformative renewable materials to the new sustainable economy. Segetis Javelin Technology delivers innovative high-performance products for consumer and industrial markets with cost-effective economics and an attractive health and environmental footprint.

blog comments powered by Disqus

Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
View Profile
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
View Profile
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
View Profile
Follow Coatings World On