HG Ventures led a series C round that included Chanel and BASF Venture Capital, with the cash to go to expanding the renewable chemicals provider's production capacity.
US-based sustainable chemical product developer P2 Science completed a $12m series C round on Tuesday led by HG Ventures, a subsidiary of chemical and industrial conglomerate The Heritage Group.
Cosmetics and fashion producer Chanel and chemicals provider BASF also took part in the round, the latter through its BASF Venture Capital unit, joining Xeraya Capital, Elm Street Ventures, Connecticut Innovations (CI), Safermade and Ironwood Capital Connecticut.
P2 has developed technology that converts renewable feedstocks for use in speciality markets like…
