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BioAmber Receives $45 Million Venture Capital Funding

Thursday, May 05, 2011 5:31:00 AM PDT | VentureDeal Staff

Plymouth, Minnesota  --  Clean tech company BioAmber has secured $45 million in a second round of venture capital investment commitments.

BioAmber says that they are using agricultural crops to transform them into green chemicals as a substitute for petrochemicals.

NAXOS Capital Partners and Sofinnova Ventures led the round, which also included Mitsui & Co.

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