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Dutch giant DSM invests in plastics start-up

DSM, a Dutch giant that makes everything from food enzymes and pharmaceuticals to plastics and chemicals, has invested in Novomer, which has a process for converting carbon dioxide to biodegradable plastic.

DSM Venturing participated in the $6.6 million series A round that was announced last month, DSM said Wednesday.

DSM said the two companies signed a "cooperation agreement" but did not disclose the amount of DSM Venturing's investment or many other details. Flagship Ventures and Physic Ventures also took part in the funding round.

Novomer, which was spun out of Cornell University, has developed a catalyst … Read more