Agbiotech company Chromatin completes first closing of $36m series E round, backed by GE and BP, to accelerate development of sorghum products for battling water scarcity and meeting increased food demands.
Chromatin, a US-based agriculture technology company focused on developing proprietary sorghum products, has completed the first closing of its series E financing round, expected to total $36m, led by investment manager Wood Creek Capital Management. Other participants included GE Capital, Equity, the strategic equity investment division of GE, as well as existing investors BP Alternative Energy, the low-carbon investment arm of oil and gas company BP, IllinoisVentures, the State of Wisconsin Investment Board, and Adventures IV, LLC. Macquarie Capital served…
