The biomass-to-biofuel technology developer has secured $14m from Total and Bill Gates, weeks after a securities filing indicated it would raise $31m.
Renmatix, the US-based developer of a process for converting biomass into cellulosic sugar, has raised $14m in a round led by Microsoft founder Bill Gates that included oil and gas producer Total.
A securities filing in July this year indicated Renmatix had raised $31.2m in new funding, but the company has not disclosed whether the newly announced round is related to that capital.
Renmatix’s Plantrose process utilises hydrolysis to convert biomass material to cellulosic sugars which can then be…
