ReSource Chemical, an Oakland, CA-based advanced manufacturing startup, raised $15M in funding.
The round was led by Khosla Ventures and Fathom Fund, with participation from Chevron Technology Ventures, Mitsubishi Gas Chemical Company and angel investors Adam Winkel and Matt Berger.
The company intends to use the funds to build an integrated pilot plant for its FDCA process and to establish commercial production of other specialty chemical products made using its technology portfolio.
Led by CEO Aanindeeta Banerjee, ReSource Chemical provides a new way to make plastics and specialty chemicals without fossil fuels, using technology to convert low-cost renewable feedstocks, such as CO2 and agricultural waste, into naturally occurring substances that outperform traditional petrochemicals. Its flagship product is a platform molecule known as 2,5-Furandicarboxylic acid (FDCA), which is a key building block to make PEF, a well-researched alternative to PET.
The new funding brings total capital raised to more than $25 million, including $8.9 million in non-dilutive funding from the U.S. Department of Energy and the National Science Foundation.
FinSMEs
10/03/2025