Plymouth-based renewable chemistry company BioAmber Inc. said it secured $45 million in venture capital financing.
The company said part of the money will go toward building a large-scale plant in North America and speeding the commercialization of some of its products. It will also help fund research and development in other areas, BioAmber said.
The financing round was co-led by European investment fund NAXOS Capital Partners and Paris-based venture capital firm Sofinnova Partners. Other investors in the round were Mitsui & Co. Venture Partners, Tokyo-based trading company Mitsui & Co. and Cliffton Group in Quebec.
