Mascoma Corporation Secures $61,000,000 Series C Round

  • Feed Type
  • Date
    5/6/2008
  • 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
    Debt, Venture Equity
  • Transaction Amount
    $61,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    The investment will go towards the funding of research and development activities at Mascoma, as well as the construction of operating facilities.
  • M&A Terms
  • Venture Investor
    General Catalyst Partners
  • Venture Investor
    Khosla Ventures
  • Venture Investor
    Atlas Venture
  • Venture Investor
    Flagship Ventures
  • Venture Investor
    Kleiner Perkins Caufield & Byers
  • Venture Investor
    Pinnacle Ventures
  • Venture Investor
    VantagePoint Venture Partners
  • Venture Investor
    Marathon Oil Corp.

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