Bunge Joins Solazyme Round
Wade Roush8/26/10
South San Francisco-based Solazyme, which is developing a technology to use fast-dividing algae to produce biofuels, collected a $52 million Series D round of venture financing in early August. Today the company announced that Bunge Limited (NYSE: BG), one of Brazil’s largest processors of sugarcane, has joined the Series D round, alongside previously announced backers Morgan Stanley, Braemar Energy Ventures, CTTV Investments, Harris and Harris Group, Lightspeed Venture Partners, the Roda Group, San-Ei Gen, VantagePoint Venture Partners, and Zygote Ventures. Solazyme didn’t say how much Bunge contributed to the round.
Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.
