Genomatica Raises $45 Million To Make Sustainable Chemicals, And Greener Spandex (A Good Thing, In This Case)

Genomatica, a San Diego based producer of chemicals from renewable sources including sugar, raised $45 million in a new round led by VantagePoint Venture Partners , a fund that has committed $2.5 billion to cleantech. Bright Capital , the venture arm of RU-COM group in Russia joined the round as well with Waste Management , a large provider of waste management services in North America, and the company's earlier investors including: Alloy Ventures, Draper Fisher Jurvetson, Mohr Davidow Ventures and TPG Biotech. Altogether, Genomatica has raised $85 million in venture capital...