Bright Capital, the venture unit of Russia-based conglomerate RuCom, and Presidio Ventures, a venture unit of Japan-based conglomerate Sumitomo, have helped Siluria Technologies, a US-based natural gas conversion company, raise $30m.
Siluria’s technology converts natural gas into fuel, plastics and chemicals.
Bright led the C round alongside Microsoft co-founder Paul Allen’s Vulcan Capital. Other backers of the company were UK-based foundation The Wellcome Trust, and venture firms ARCH Venture Partners, Alloy Ventures, Kleiner Perkins Caufield and Byers, Lux Capital, and…
