Renmatix turns waste into $75m

Aug 24, 2012 • Gregg Bayes-Brown

Chemical company Renmatix closes a $75m series C round led by BASF with participation from Waste Management and Kleiner Perkins Caufield & Byers.

US-based chemical producer Renmatix has closed a $75m series C round with late participation from waste disposal company Waste Management (WM) as part of a joint development agreement (JDA) between the companies.

The $25m investment from WM comes as an extension on the company’s original $50m series C round announced in January. The C round was led by chemical company BASF’s subsidiary, BASF Biorenewable, which funded $30m of the round. Venture capital firm Kleiner Perkins Caufield & Byers (KPCB) also…

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