Mascoma Corporation Lands New Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=710754c9-417b-4601-85ad-9d7647d60a9d&Preview=1 -
Date
5/2/2008 -
Company Name
Mascoma Corporation -
Mailing Address
1380 Soldiers Field Road, Second Floor Boston, MA 02135 -
Company Description
Recent advances in cellulosic ethanol R&D have led to the development of a new generation of enzymes, microbes and processes for economical conversion of cellulosic feedstocks into ethanol. With the combination of R&D advancements and increases in oil prices and energy market instability, the market is ready for new companies, such as Mascoma, to move cellulosic ethanol from lab and demonstrations to commercial-scale operation and long-term cost advantages in the renewable fuel market. -
Website
http://www.mascoma.com -
Transaction Type
Venture Equity -
Transaction Amount
Undisclosed -
Transaction Round
Undisclosed -
Proceeds Purposes
Proceeds purposes were not disclosed, however the two companies announced a strategic partnership concurrently with the announcement. -
M&A Terms
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Venture Investor
General Motors Corporation
