Chromatin adds another $12m in Series F

Chromatin adds another $12m in Series F

Chicago-based Chromatin, which produces sorghum seed for food and feedstock for both animals and biofuels, announced last week that they had raised another $12 million in a Series F from Illinois Ventures and Wood Creek Capital Management. This follows a $36 million Series E financing in January 2014, and a $12.5 million debt financing back in July. 

Crain’s reported that Chromatin will be using the proceeds to set up manufacturing overseas: “We’ve found a good niche,” said Chromatin CEO Daphne Preuss. “We set out a few years ago to expand into international markets. We’ve done that, but we need to create an operating footprint in some regions for logistics reasons.”

To date Chromatin has raised $72.1 million. Previous investors include BP, GE Capital, the Malaysian Life Sciences Capital Fund, Unilever, and Foragen Technology Ventures. Chromatin  and now employs over 150 people.

Sorghum a grass is native to the Old World and is related sugarcane, and it can be grown on 80% of the world’s arable land. Sorghum is known for rapid maturation, weather tolerance, and high yields.

Have news or tips? Email [email protected]


Did you know that AgFunder is one of the most active agrifood tech investors?

We are democratizing access to venture capital. Learn how you can invest with us.



Image courtesy of Wikipedia

 

Leave a Reply

Your email address will not be published. Required fields are marked *