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P2 Science has raised $12 million in a series C financing round. Chanel and lead investor HG Ventures join existing investors, including Xeraya Capital and BASF Venture Capital. The company says it will use a portion of the proceeds to expand capacity at its facility in Naugatuck, Connecticut. One of C&EN’s 10 Start-Ups to Watch in 2017, P2 Science conducts ozonolysis in a flow-chemistry reactor to make specialty chemicals.
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