Akermin raises $10M

Akermin Inc. said Tuesday it raised $10 million in its Series B financing round and will use the new funds to develop and bring to market its carbon-capture system for power plants.

This new equity round was led by the Malaysian Life Sciences Capital Fund and co-managed by Burrill & Co., with participation from Emerson Ventures, a subsidiary of Emerson, the largest St. Louis-based public company with $20.9 billion in sales in 2009.

[St. Louis Business Journal]