Modumetal, a US-based manufacturer of metals that resist corrosion, raised at least $33.5m in equity funding and debt financing yesterday co-led by energy companies Chevron Technology, BP and ConocoPhillips.

The company announced it had raised funding and did not disclose the amount, though a regulatory filing revealed the amount raised, as well as a final target of $40.7m for the round.

Chevron and BP invested through their respective corporate venturing units Chevron Technology Ventures and BP Ventures, and co-led the…

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