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Solazyme gets $52 Million for Algae-Based Fuel 1

Solazyme announced Tuesday that it has landed $52 million in a fourth round of venture capital to commercialize its algae-based fuel.

According to newyork times, Solazyme has raised about $125 million from investors including Braemar Energy Ventures, Bluecrest Capital Finance, Lightspeed Venture Partners, Harris & Harris Group, The Roda Group, and VantagePoint Venture Partners.

The fourth round of funding was backed by Morgan Stanley, Chevron Technology Ventures & VentureBeat.
Wed August 11 2010 05:17:51 AM by Parkavi 1421 views

Comments - 1

  • Narsi wrote:
    Wed August 11 2010 07:34:07 AM

    Hmmm...let's hope their heterotrophic process really makes it...way to go, SZ!

    Vote Up! 1 Vote Down! 0

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