EdenIQ Lands $12,400,000 Series B Funding

  • Feed Type
  • Date
    4/30/2010
  • Company Name
    EdenIQ
  • Mailing Address
    1520 N. Kelsey St. Visalia, CA 93291
  • Company Description
    EdeniQ’s scientists are pursuing solutions that cost-effectively convert abundant, non-food biomass into fuels. Making fuels from agricultural waste such as corn stover, sugarcane bagasse, rice straw and woodchips takes the controversy out of biofuels and puts the green – and the humanity – in.
  • Website
    http://www.edeniq.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $12,400,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    EdeniQ will use the funds to speed deployment of its existing yield enhancement technologies and to further develop its Corn-to-Cellulose Migration (CCM) program, which was recently awarded a $20.4 million grant from the U.S. Department of Energy.
  • M&A Terms
  • Venture Investor
    Draper Fisher Jurvetson
  • Venture Investor
    Westly Group
  • Venture Investor
    Kleiner Perkins Caufield & Byers
  • Venture Investor
    Cyrus Capital
  • Venture Investor
    Angeleno Group, LLC
  • Venture Investor
    Element Partners
  • Venture Investor
    Morgan Stanley Venture Partners
  • Venture Investor
    Advanced Equities Financial Corporation
  • Venture Investor
    Omninet Capital, LLC
  • Venture Investor
    Nimes Capital

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