Friday, July 27, 2012

Siluria Technologies Gets $30M For Natural Gas-to-Chemicals Tech

San Francisco-based Siluria, a developer of technology that converts natural gas (methane) into commodity chemicals and fuel, has raised $30M in a Series C funding, the firm said yesterday. The round was led by Bright Capital and Vulcan Capital, and also included prior investors ARCH Venture Partners, The Wellcome Trust, Alloy Ventures, Kleiner Perkins Caufield and Byers, Lux Capital, Altitude Life Science Ventures and Presidio Ventures. The firm said the new funds will go towards a commercial demonstratoin plan and commercialization of its technology. More information »