Chromatin raises $12.4 million in VC funding; genetics company to “aggressively enter” bioenergy market

In Illinois, Chromatin announced that it had raised $12.4 million in Series C financing from Quantitative Financial Strategies, Malaysian Life Sciences Capital Fund, Burrill & Company, Venture Investors, Unilever Technology Ventures, Foragen Technology Ventures, and Illinois Ventures. The genetics company said that it would use the funds to leverage its gene stacking capability to aggressively enter the bioenergy feedstock market.

The company owns and develops a mini-chromosome technology that introduces multiple genes (gene stacks) simultaneously into a plant cell.  This allows the company to improve crop yields and reduce the cost of producing fermentable sugars.

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