Verdezyne raises $3M for organism-made biofuels
Verdezyne, a company that develops special microorganisms used to produce biofuels and biochemicals, has brought in $3 million of an expected $15.2 million round of equity, according to a filing with the SEC. Based in Carlsbad, Calif., the company is backed by Life Science Angels, Monitor Ventures, OVP Venture Partners and Tech Coast Angels. It also received a $1.7 million grant from the National Institute of Allergy and Infectious Diseases.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.