Tuesday, May 3, 2011

Cobalt Technologies Raises $20M

Mountain View-based Cobalt Technologies, which is commercializing biobutanol renewable fuels, announced yesterday that it has raised $20M in a series D funding round. The round was led by the Whittemore Collection Ltd, an investment fund of pulp mill operator Parsons & Whittemore, and also included prior investors Pinnacle Ventures, Malaysian Life Sciences Capital Fund, VantagePoint Capital Partners, Life Sciences Partners, @Ventures, Harris & Harris and Burrill and Company. The firm said the funding will go towards building out a demonstration plant in Alpena, Michigan. More information »