Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=710754c9-417b-4601-85ad-9d7647d60a9d&Preview=1
Date 5/2/2008
Company Name Mascoma Corporation
Mailing Address 1380 Soldiers Field Road, Second Floor Boston, MA 02135
Company Description Recent advances in cellulosic ethanol R&D have led to the development of a new generation of enzymes, microbes and processes for economical conversion of cellulosic feedstocks into ethanol. With the combination of R&D advancements and increases in oil prices and energy market instability, the market is ready for new companies, such as Mascoma, to move cellulosic ethanol from lab and demonstrations to commercial-scale operation and long-term cost advantages in the renewable fuel market.
Proceeds Purposes Proceeds purposes were not disclosed, however the two companies announced a strategic partnership concurrently with the announcement.