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DNP Sees Green With New Venture Capital Round

Thursday, October 29, 2009 5:51:00 AM PDT | VentureDeal Staff
Princeton, New Jersey  --  Clean technology chemical maker DNP Green Technology has raised $12 million in a new round of venture capital funding.

DNP says that it is "devoted to commercialization of technologies related to manufacturing of biologically derived succinic acid and its derivatives."

Sofinnova Ventures led the round, which also included Mitsui & Co. Ltd. and Samsung Ventures.  Proceeds purposes from the funding round were not disclosed.

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