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Novomer Launches With Series A Financing

Thursday, November 08, 2007 5:30:00 AM PDT | VentureDeal Staff

ITHACA, NY -- Advanced materials company Novomer, Inc. said that it has raised $6.6 million in series A funding from clean tech-oriented venture capital firms.

Novomer is focused on developing low cost, high performance "green" plastics, polymers and other chemicals.  The company is targeting several industrial sectors for its environmentally-friendly products.

Investors in the round were Physic Ventures and Flagship Ventures, who both co-led the round.  The company said it will scale up production capacity and increase its business development efforts.

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