Flame-retardant plastic maker FRX Polymers raises $12 million series C financing led by Evonik Venture Capital and including BASF Venture Capital.

FRX Polymers, a US-based maker of environmentally-friendly flame-retardant plastic, has raised $12 million series C financing led by Germany-based materials group Evonik Industries, which invested $2.5m through its corporate venture capital fund, Evonik Venture Capital. Other investors included Capricorn Venture Partners, DB Masdar, SAM Private Equity, BASF Venture Capital, and Israel Cleantech Ventures.

Previously, in April 2012, FRX Polymers, extended its series B round by $11m from a consortium co-led by Germany-based chemicals company BASF’s corporate venturing unit.

FRX Polymers…