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 Element Partners, Angeleno Group, The Westly Group, Omninet, DAG Ventures and Northgate Capital.
EdeniQ claims its processes for converting non-food biomass sources into cellulosic ethanol can be implemented for “a fraction… Continue Reading