Amyris raising $70M for fuel to replace petroleum
Amyris, an Emeryville, Calif. company using synthetic biology to create a fuel to replace petroleum, said it has raised the first portion of a planned $70 million second round of funding.
Duff Ackerman & Goodrich Ventures (DAG Ventures) led the financing, and was joined by earlier investors Khosla Ventures, Kleiner Perkins Caufield & Byers, and TPG Ventures, which together had invested $20 million last year.
The company, which was vague about its plans when we wrote about… Continue Reading