Several companies using algae to make biofuel have raised money or are looking for money, VentureWire reports today (sub required).
In January, Rich Hilt, of Menlo Park, Calif.’s Live Fuels, wrote an article for VentureBeat, explaining the technology and why it is promising. His company is looking for about $10 million.
Also, Berkeley, Calif.’s Aurora BioFuels has raised a $3.2 million first round, from investors including Noventi Sorgenia Ventures and Oak Investment Partners. And Menlo Park’s Solazyme has closed a “significant” new round of venture financing, VentureWire said.
Read VentureWire’s full report here (need a subscription).
One Comment
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Mike Peterson said:
Sir,
I have a 2006 VW Bug diesel. I have had 4 VW diesels and I would never buy anything else. I have tried other biodiesles (SecretDiesel.com), but yours sounds fantastic. I read about it and it sounds like it could SAVE THE WORLD.!!!!! Eating up carbon and giving back oxygen, and then still being able to provide my diesel with power is beyond belief. The big question I have is……………how can I get my hands on this stuff ???????????? please let me know.
Thanks………..MEP
4 Trackbacks
7:11 am
VentureBeat Wire » Solazyme, raises more than $10M to develop algae for biofuels, cosmetics said:
[...] News of the funding was reported in VentureWire (sub required), and was expected (see earlier report). VentureBeat Community [...]
4:36 pm
VentureBeat » LiveFuels raises $10M to turn algae into alternative fuel said:
[...] reported earlier that LiveFuels was looking to raise the money, and ran a column by LifeFuels’ founding investor Rich Hilt about why using algae makes [...]
12:38 pm
VentureBeat » Algae bloom: Solazyme inks development deal with Chevron said:
[...] include Cellana, the joint venture between Shell and HR Biopetroleum, Aurora Biofuels (coverage here), and LiveFuels, whose founder, Rich Hilt, wrote a contributor piece for VentureBeat on the future [...]
9:28 am
Les deals de la semaine : couches minces (bis), | GreenUnivers said:
[...] l’un des plus proches de l’échelle industrielle dans ce secteur prometteur, aurait selon VentureWire levé 45,4 millions de dollars supplémentaires, versés par Braemar Energy Ventures et Lightspeed [...]