University of Delaware green energy spinoff raises $14.5M from investors including Chemours

Versogen, a green energy startup based in Wilmington, has raised a $14.5 million Series A fundraising round.

The round is led by Korean holding company Doosan Corp. and its affiliate HyAxiom Inc. There is also participation from du Pont de Nemours spinoff Chemours Co. and TechEnergy Ventures, among others.

Versogen founder Yushan Yan is chair of the University of Delaware’s chemical and biomolecular engineering department. Prior to the appointment he was the founding associate dean for research…


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