Materia Raises $11.75M

Pasadena-based Materia, which is commercializing olefin metathesis catalyst technology developed by Caltech Nobel Prize winner Robert H. Grubbs, has raised $11.75M in a funding round, according to a regulatory filing by the firm today. Source of the new funding was not disclosed by the company. Materia is headed by Michael Giardello, and has licensing deals with Dow Corning, BASF Technology, and others for various applications of its technology. More information »