Chromatin, a US-based agriculture technology company focused on developing proprietary sorghum products, has completed the first closing of its series E financing round, expected to total $36m, led by investment manager Wood Creek Capital Management. Other participants included GE Capital, Equity, the strategic equity investment division of GE, as well as existing investors BP Alternative Energy, the low-carbon investment arm of oil and gas company BP, IllinoisVentures, the State of Wisconsin Investment Board, and Adventures IV, LLC. Macquarie Capital served as financial advisor and placement agent for Chromatin.
So far, Chromatin has raised a total of over $70m.
Daphne Preuss, Chromatin’s chief executive officer, said: “Chromatin will use the capital it has raised to support additional expansion and to accelerate product development and differentiation for sales in both the U.S. and international markets. Wood Creek’s comprehensive understanding of global water and land resource limitations makes the firm an ideal fit as an investment partner for our company.”