$30M for Joule

Wade Roush4/27/10

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 Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @