Wisconsin biofueler closes $21 million in second round funding

Virent Energy Systems announced the closing of a $21 million second round of venture financing, led by Stark Investments and Venture Investors.

Investor interest in Virent is driven in large part by the Company’s continued development of its innovative BioFormingâ„¢ process beyond its traditional hydrogen and fuel gas applications and toward the production of renewable gasoline, diesel, and jet fuels. These products have the same characteristics as their petroleum-based counterparts and are compatible with existing infrastructure such as car engines, fuel pumps, and distribution pipelines.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Range Fuels closes $130 million equity round to fund commercial-scale cellulosic ethanol plant

In Colorado, Range Fuels closed a $130 round of equity funding for its cellulosic ethanol production using a thermochemical process acting on wood waste. The funds will be used for construction of its...

Amyris Technolgies closes $70 million in second-round financing to pursue new biofuel conversion technologies

In California, Amyris Biotechnologies has closed the first tranche of its $70 million Series B funding led by DAG Ventures and joined by Khosla Ventures, Kleiner Perkins Caufiled & Byers and TPG Ventu...

Cellulosic ethanol pioneer TMO Renewables closes $18 million financing round, readies for US market entry

In the UK, TMO Renewables announced that it has completed an $18 million financing round in support of its entry into the US market. The company received support in this round from Jupiter Asset Manag...

OPX Biotechnologies closes $12 million series C funding for microbe modification technology for advanced biofuels

In Colorado, Boulder, genomic search company OPX Biotechnologies is reported to have closed a $12.1 million series C financing round, the first cleantech venture capital round reported this month with...

Sun Ethanol changes name to Qteros, closes $25 million in Series B funding from Rockefellers, Soros, Battery Ventures, others

In Massachusetts, SunEthanol announced that it was changing its name to Qteros and that it had closed a $25 million Series B round of financing, led by venture capital firms Venrock (the Rockefeller f...

Algae pioneer Solix closes $16.8 million Series A financing with new Chinese investor

In Colorado, algae photobioreactor pioneer Solix Biofuels announced the completion of its $16.8 million Series A capital funding that added Shanghai Alliance Investment to its group. Proceeds will be ...