Mascoma Corporation Lands New Financing

  • Feed Type
  • Date
  • Company Name
    Mascoma Corporation
  • Mailing Address
    1380 Soldiers Field Road, Second Floor Boston, MA 02135
  • Company Description
    Recent advances in cellulosic ethanol R&D have led to the development of a new generation of enzymes, microbes and processes for economical conversion of cellulosic feedstocks into ethanol. With the combination of R&D advancements and increases in oil prices and energy market instability, the market is ready for new companies, such as Mascoma, to move cellulosic ethanol from lab and demonstrations to commercial-scale operation and long-term cost advantages in the renewable fuel market.
  • Website
  • Transaction Type
    Venture Equity
  • Transaction Amount
  • Transaction Round
  • Proceeds Purposes
    Proceeds purposes were not disclosed, however the two companies announced a strategic partnership concurrently with the announcement.
  • M&A Terms
  • Venture Investor
    General Motors Corporation

Trending on Xconomy