Segetis, a US-based renewable chemicals company, has raised $25.5m in its series C round from a consortium including a Saudia Arabia-based peer’s corporate venturing unit.

Saudi Basic Industries Corporation (Sabic) Ventures led the C round, which also included venture capital firm Khosla Ventures, state-backed Malaysia Life Science Capital Fund (MLSCF), and Netherlands-based industrial group Royal DSM’s corporate venturing unit and another new investor, Malaysia-based PNB Equity Resource Corporation.

Segetis previously raised $17.2m in January 2010’s B round from MLSCF, which…

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