Chromatin, Inc., a Chicago, Illinois-based agriculture technology company, held the first closing of its Series E financing round.
The round, which is expected to total $36m, was led by Wood Creek Capital Management with participation from GE Capital, Equity, and existing investors BP Alternative Energy, IllinoisVentures, the State of Wisconsin Investment Board, and Adventures IV, LLC. In conjunction with the funding, Bob Saul, a Managing Director at Wood Creek, joined Chromatin’s Board of Directors.
The company intends to use the funds for additional expansion, product development and differentiation for sales in both the U.S. and international markets.
Led by Daphne Preuss, CEO, Chromatin develops sorghum for both traditional agriculture markets and for uses in new applications. The company provides sorghum seeds to growers and producers and has optimized its product portfolio to create sorghum feedstocks that serve as renewable resources for emerging bio-based industries such as liquid transportation fuels, chemicals, materials and biopower.
Its products are currently sold in the U.S. and in more than 20 countries, where its sorghum seed is planted on over 4 million acres.
25/10/2011: Chromatin Completes $10M First Closing of Series D Financing
06/01/2012: Chromatin Receives $5.7M Award from Department of Energy