Mascoma Corporation Secures $61,000,000 Series C Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=85187e57-0d7a-44b0-9f2a-c3c73566f648&Preview=1 -
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
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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.
