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Bio-Butanol Startup Closes $17M Financing Round

Posted on May 14, 2008

Mercury News. Gevo, a spinoff from Caltech that is targeting the production of bio-butanol and other advanced biofuels from a variety of biomass feedstocks, has closed a $17-million third round of funding.New investors include life sciences merchant bank Burrill & Co. and the Malaysian Life Sciences Capital Fund, who joined Khosla Ventures and Virgin Green Fund. The biofuel start-up has already raised more than $30 million since the beginning of last year.Gevo is engineering suitable host organisms and is developing a proprietary process technology to convert cellulosic crops and waste into ad...

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biofuel , biofuels , green fund , startup