Qteros Garners $25,000,000 Series B Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2546a5af-f7f1-4243-b939-1bb13f51e46f&Preview=1
Date
11/19/2008
Company Name
Qteros
Mailing Address
100 Venture Way Hadley, MA 01035
Company Description
Qteros began in 1996 with a walk near the Quabbin Reservoir in Western Massachusetts. University of Massachusetts microbiologist Dr. Susan Leschine and her lab assistant, Tom Warnick, were looking for a microbe that breaks down plant waste, but they found something far more noteworthy. The microscopic organism they sampled from the mud and later named Clostridium phytofermentans, was isolated and recognized as a novel life form.
Website
http://www.qteros.com
Transaction Type
Venture Equity
Transaction Amount
$25,000,000
Transaction Round
Series B
Proceeds Purposes
Proceeds purposes were not disclosed.
M&A Terms
Venture Investor
Battery Ventures
Venture Investor
Venrock
Venture Investor
Long River Ventures
Venture Investor
Undisclosed