Maybe it’s just a biofuels thing this year, but it seems like the feds are giving cleantech grant money to companies and institutions that are based anywhere but in the nation’s capital of venture capital.
The U.S. Secretary of Energy Steven Chu announced six recipients of $36 million in total grant funding via the Department of Energy’s Biomass Program on Friday. That non-dilutive funding went… → Read More
Cobalt Technologies, a cleantech startup in Mountain View that develops and makes biobutanol, closed a $20 million series D funding round, the company revealed today. The investment arm of Parsons & Whittemore (the Whittemore Collection) led the round, joined by all of Cobalt’s earlier venture backers: Pinnacle Ventures, Malaysian Life Sciences Capital Fund, VantagePoint Capital Partners, Life… → Read More
A Richard Branson- and Khosla Ventures-backed biofuels and biochemicals maker, Gevo, raised $107 million, netting an estimated $95.7 million after expenses and underwriting discounts, in an initial public offering yesterday.
The company’s technology and chemical processes use yeast biocatalysts to make isobutanol from sugar. Gevo’s biofuels and biochemicals will offer an alternative to… → Read More
According to a new SEC filing, Blue Marble Energy attracted another $1.3 million investment — this time in a series A-1 convertible note deal — to create carbon neutral alternatives to petrochemicals.
Blue Marble’s biochemicals can be used to manufacture everything from food and perfume, to plastics, adhesives and synthetic textiles. The company also produces renewable energy from… → Read More