Thursday, August 26, 2010

Solazyme Adds Strategic Investor

South San Francisco-based Solazyme, which is developing biotechnology that uses algae to produce renewable oil and bioproducts, said Thursday that it has added Bunge Limited as a strategic investors in its Series D round. Amount of the investment was not disclosed. Bunge is a major business in agricultural and food industry, is the largest processing companies of sugarcane in Brazil, and a distributor of vegetable oils. Other investors in the Series D round are Braemer Energy Ventures, Morgan Stanley, Lightspeed Venture Partners, The Roda Group, Harris and Harris Group, VantagePoint Venture Partners and Zygote Ventures. Existing strategic investors CTTV Investments LLC, and San-Ei Gen. More information »