Westly Group closes $120M fund for cleantech
The Westly Group, the firm founded and managed by former California state controller and financial officer Steve Westly, just closed a $120 million fund to fuel revenue-generating cleantech companies. With 13 companies already in the Menlo Park, Calif. firm’s portfolio — including crown jewel investment… Continue Reading
SequesCO combines CO2 sequestration with biofuel production
Sequesco joins a growing list of startups that are using synthetic biology to custom-produce advanced biofuels. But unlike competitors LS9 and Amyris, which are engineering microbes to make hydrocarbon-based fuels from various plant biomass sources, it uses waste carbon dioxide as its primary feedstock.
The idea… Continue Reading
EdeniQ quietly raises $33 million for cellulosic ethanol
updated
EdeniQ, an Encino, Calif.-based cellulosic ethanol startup, has quietly wrapped up a $33 million round of funding as part of its spinoff from parent company Altra Biofuels. PE Hub reports that Advanced Equities Investments and Draper Fisher Jurvetson were the lead investors; other backers include… Continue Reading