Cobalt Technologies Receives $20,000,000 Series D Funding Round

  • Feed Type
  • Date
    5/2/2011
  • Company Name
    Cobalt Technologies
  • Mailing Address
    500 Clyde Avenue Mountain View, CA 94043
  • Company Description
    Cobalt Technologies is contributing to solving energy challenges by making commercial scale biobutanol from biomass a sustainable reality. Our patented and proprietary technologies create favorable economics for the biorefinery business model by increasing productivity and reducing energy required in the production process.
  • Website
    http://www.cobalttech.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $20,000,000
  • Transaction Round
    Series D
  • Proceeds Purposes
    The additional capital will enable Cobalt to build out its new 470,000 gallon per year demonstration plant in Alpena, Michigan, which will be the world’s first cellulosic biorefinery for the production of the industrial chemical n-butanol. In addition, the funding will enable Cobalt to expand its network of strategic relationships, to begin development of its first commercial facilities and to progress its partnership with the U.S. Navy to develop bio jet fuel.
  • M&A Terms
  • Venture Investor
    Parsons & Whittemore
  • Venture Investor
    Pinnacle Ventures
  • Venture Investor
    Burrill & Company
  • Venture Investor
    VantagePoint Venture Partners
  • Venture Investor
    Life Sciences Partners
  • Venture Investor
    @Ventures
  • Venture Investor
    Harris & Harris Group

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