Cobalt Technologies Receives $20,000,000 Series D Funding Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=68062dd3-5a80-4ce2-9308-2fcfdb00296a&Preview=1 - 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
