Qteros Garners $22,000,000 New Financing

  • Feed Type
  • Date
    1/5/2011
  • Company Name
    Qteros
  • Mailing Address
    100 Campus Drive Marlborough, MA 01752
  • Company Description
    SunEthanol is commercializing a breakthrough discovery with the potential to enable ethanol manufacturers to produce ethanol from biomass (plant life) in a simple and cost-effective manner, thereby reducing our nation’s dependence on fossil fuels while helping to address the problem of global warming. Our Q Microbe was discovered in New England soil by a woman who has been researching cellulose degrading microbes for decades.
  • Website
    http://www.qteros.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $22,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The completion of this $22M financing is expected to provide sufficient funding to accelerate the Company’s development and commercialization plans.
  • M&A Terms
  • Venture Investor
    Undisclosed

Trending on Xconomy