Algae Oil Maker Solazyme Gets $45.4 Million More

Algae Oil Maker Solazyme Gets $45.4 Million More

The South San Francisco-based company has raised $45.4 million in a Series C funding, according to PE Hub. Investors included Braemar Energy Partners, Lightspeed Venture Partners and Harris & Harris group. The total includes $6.4 million in convertible securities. That brings the total raised by Solazyme, when grants and everything is mixed in, to close to $70 million by some estimates. The company is both one of the oldest algae oil companies (dating way back to the first half of the decade) and one of the most novel. Read the full article

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