Wednesday, May 9, 2012

EdeniQ Gets $30M More

Visalia-based EdenIQ, which develops biomaterials aimed at the renewable fuels market, said today that it has raised $30M in an additional capital funding. The funding included Kleiner Perkins Caufield & Byers, Draper Fisher Jurvetson, Cyrus Capital, The Westly Group, Angeleno Group, I2BF Global Ventures and Element Partners as well as a new investor, Flint Hills Resources Renewables, which is a subsidiary of Koch Industries and a major ethanol producer. The investment also included a debt facility. EdenIQ's technology is being aimed at the cellulosic biofuels market. More information »