Sapphire Energy gets $144M in its fuel tank to turn algae into gasoline

Sapphire Energy, a company that creates algae-based fuel, just announced a whopping $144 million in funding.

In recent years several startups have emerged to create fuel out of plant material, all hoping to lure people away from gasoline made from …

Biochemical developer Aurora Algae raises $22M

Aurora Algae, a developer of biofuels and biochemicals produced from processed algae, announced today that it has raised $22 million in its most recent round of funding.

The company is part of a small set of funded biologically-produced chemical companies …

Biofuel investing falls as sector matures

Investing in biofuel companies that produce oil-alternatives fell 5.4 percent to $930 million in 2010, down from $980 invested in alternative fuel companies in 2009, according to a report from cleantech analysis firm Lux Research.

While investing in alternative fuels …

Has cleantech investing lost its glamour? Khosla Ventures loses two partners

Two partners are leaving storied cleantech investment firm Khosla Ventures, as excitement has started to peter out in the once-buzzing clean technology space.

Khosla Ventures partners Jim Kim and Alex Kinnier have followed former partner Gideon Yu in leaving the …

Market tantrum scares cleantech investors

Cleantech companies might not be feeling the sting of today’s market frenzy any worse than the rest of the pack. But for those companies, which typically require massive capital investments, a sustained downturn could crunch down on the sector’s badly-needed …

Kleiner Perkins leads slower Q2 cleantech investing

Investments in clean technology projects fell 10 percent in the second quarter this year to $1.83 billion when compared to $2.03 billion in the second quarter of 2010, according to research firm Cleantech Group.

Kleiner Perkins Caufield & Byers led …