LS9 takes $3M loan for biofuel plant equipment
LS9, a synthetic biology startup that’s modifying microbes to churn out biofuels, has taken on a $3 million loan toward the construction of a pilot production plant, according to VentureWire.
The loan was provided by Leader Ventures. LS9 has also taken about $20 million to date in two rounds of venture capital.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.