Sapphire Energy, a company that creates algae-based fuel, just announced a whopping $144 million in funding.
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.
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.
Two partners are leaving storied cleantech investment firm Khosla Ventures, as excitement has started to peter out in the once-buzzing clean technology space.
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.