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Alternative Energy
Amyris Biotechnologies Announces $70 Million Series B Round
October 5th, 2007
Amyris Biotechnologies, an innovator in the development of renewable hydrocarbon biofuels, announced that it closed the first tranche of its $70 million Series B funding. Duff Ackerman & Goodrich Ventures (DAG Ventures) led the financing and was joined by existing Series A investors, including Khosla Ventures, Kleiner Perkins Caufield & Byers, and TPG Ventures. The Series B funding will be used to further the development and scale up of its technology for the production of three transportation biofuels: bio-gasoline, bio-diesel, and bio-jet, and to support business initiatives to enable Amyris to bring its biofuels to market as early as 2010. "Amyris has not only a...
Source: Health Business Week (2007-10-05)
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