Coskata raised $19.5m in Series B funding
Photo by Jenn_Jenn. Licensed under Creative Commons license 2.0.
According to this tiny news posting, the cellulosic ethanol biotech team over at Coskata has raised $19.5 million in Series B funding (series B funds are made in the second round of investment in a private company). Whether that money includes the undisclosed amount GM put into the company earlier this year is unclear. I went hunting for the original regulatory filing where Private Equity HUB claims they found the information, but couldn't track it down. Coskata has not yet released an official statement about the funding, but PE says that backers named in the filing include Globespan Capital Partners, General Motors, Khosla Ventures, GreatPoint Ventures and Advanced Technology Ventures. The new name in the Coskata-backing lineup is Globespan.
[Source: Private Equity HUB]
Reader Comments (Page 1 of 1)
Tim 12:28PM (3/11/2008)
Coskata's CFO needs to convert it to Euros or spend it ASAP! WHY?
The Fed has just announced that it will be adding more "liquidity" to the US $Dollar.
In other words, they will be printing MORE of the fiat currency which will only debase it faster thus increasing inflation. This is the MAIN reason why oil is $109.00/bbl!
This trend will continue until the US $Dollar is totally collapsed or the private Fed is shut down and replaced with a Government central bank and sound CONSTITUTIONAL money which is 100% backed by Gold and Silver and which does NOT allow for fractional reserve lending.
http://www.youtube.com/watch?v=SfpXHQQFxxw
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Nick Gavrilov 2:22PM (3/11/2008)
GreenField Ethanol and Enerkem Announce Plans to Make Cellulosic Ethanol a Commercial Reality
Tuesday, 11 March 2008
TORONTO and MONTREAL, March 11 /PRNewswire/ - GreenField Ethanol, Canada's largest ethanol producer, and Enerkem, a leading gasification and catalysis technology company, have signed a Binding Term Sheet outlining their plan to produce cellulosic ethanol on a commercial scale.
"We are excited to work with Enerkem to make cellulosic ethanol a commercial reality in Canada," said Bob Gallant, President and CEO of GreenField Ethanol. "Canadian consumers are looking for a greener, affordable alternative to fossil fuels and GreenField is delivering by expanding its corn ethanol business to include new bio-based fuels," added Frank Dottori, Managing Director of the company's Cellulosic Ethanol division.
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