Asia Pacific Capital (APC) invests in ConocoPhillips-backed bioconversion technology company.

Asia Pacific Capital (APC), an asset management company which currently manages the Asia Pacific Capital Fund II, seeded by BNP Paribas with support from Asian institutional investors, has invested $25m in a series C round of funding for carbon bioconversion company, Ciris Energy. The latest round, annnounced in July, comprised two separate transactions of $10m and $15m.

The investment follows earlier successful capital raises, including last year’s follow-on series B offering led by ConocoPhillips. Previously, Ciris raised a series B…