$30M for Joule

Cambridge, MA-based Joule Unlimited, which is developing a technology that mimics photosynthesis by turning carbon dioxide into ethanol, has collected $30 million in a second round of funding from Flagship Ventures and unnamed additional investors, according to a report today in VentureWire. Formerly known as Joule Biotechnologies, the company launched last summer and is building a pilot plant near Austin, TX.

Wade Roush is the producer and host of the podcast Soonish and a contributing editor at Xconomy. Follow @soonishpodcast

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