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
LS9 and Gevo latest biofuel companies, backed by Khosla Ventures
LS9 and Gevo are the two latest biofuel start-ups in Silicon Valley backed by venture capital firm Khosla Ventures.
LS9, of San Carlos, was first mentioned by the Mercury News after it launched recently. It is using synthetic biology to produce proprietary biofuels that resemble petroleum — but which are designed to be “renewable, clean, domestically produced, and cost competitive.”
It was founded in 2005 by Khosla Ventures, Flagship Ventures, along with two scientists, Chris Somerville,… Continue Reading