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Temasek Invests In Rwdc’S Series B Round

Nov 25, 2021•over 3 years ago

Round Type

series b

Description

Singapore state investor Temasek has participated in biodegradable plastics maker RWDC Industries’ Series B round joining existing investors Vickers Venture Partners, CPV/CAP Pensionskasse Coop, the pension fund of the Swiss supermarket chain Coop, and others.

Company Information

Company

Rwdc

About

The Singapore-based company said the Series B round was “slightly more” than the $133 million announced in May last year. The company declined to divulge further details. The fresh funds will be used to increase its production capacity to 50,000 tonnes a year, and to open a new production facility in Singapore, the company said in a statement.