Amyris Biotechnologies tacks on $21M for biofuel development

Chris Morrison | August 14th, 2008

One of the most highly valued biofuel startups in the country, Amyris Biotechnologies, has taken on an additional $21 million as part of its previously announced $70 million second round of funding, according to VentureWire.

Amyris is a synthetic biology company that is working on microorganisms to create analogs of gasoline, diesel and jet fuel. Earlier this year, it joined a venture in Brazil, Crystalsev, to make fuel from sugar in that country.

The company was valued at $470 million for the round, and has now taken $91 million as part of the funding. It also raised $20 million in 2006.

The names of the new investors were not disclosed, but the company told VentureWire that the round, originally capped at $70 million, remains open. Amyris is based in Emeryville, Calif.

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  1. August 14th, 2008
    10:49 am

    Amyris Picks Up Another $21M For Synthetic Bio « Earth2Tech said:

    [...] Amyris Picks Up Another $21M For Synthetic Bio Written by Craig Rubens No Comments Posted August 14th, 2008 at 10:49 am in Startups Amyris Biotechnologies, a startup using synthetic biology to replace petroleum, has added another $21 million to its already sizable $70 million funding round. This brings the total for its ongoing series B round to $91.35 million. The company confirmed the funding with us this morning, which was first reported by VentureWire. [...]

  2. August 15th, 2008
    3:34 am

    Amyris raises $21 million more in second-round funding; valuation at $470 million : Biofuels Digest said:

    [...] California, Amyris Biotechnologies has raised an additional $21 million in second round capital from unnamed inv…, with a total of $91 million in proceeds from the second round taking 19.3 percent of the [...]