Total and DuPont both contributed to a $22m round for the company, which develops crops that can be used as biofuel feedstock.
US-based biofuels product maker NexSteppe has raised $22m in a series C round which included the corporate venturing units of oil and gas producer Total and chemicals company DuPont.
Total Energy Ventures and DuPont Ventures were joined in the round by venture capital firms Braemar Energy Ventures and CYM Ventures, and ELFH Holdings, the investment vehicle of the Berninghausen family.
NexSteppe develops tailored crops that provide raw materials for biofuels, biopower and bio-based products. The new capital will be used…
