Aurora Biofuels Lands $15,000,000 Series C Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=37527e92-496d-42c2-b2c0-434bcc90543f&Preview=1
Date
3/17/2010
Company Name
Aurora Biofuels
Mailing Address
1301 Harbor Bay Parkway Alameda, CA 94502
Company Description
Aurora BioFuels is a Berkeley, CA based innovative alternative energy company with a revolutionary method of creating bio-diesel. Aurora’s proprietary technology, developed at The University of California, Berkeley, allows Aurora BioFuels to create bio-diesel with 125X higher yields and 50% lower costs than current production methods.
Website
http://www.aurorabiofuels.com
Transaction Type
Venture Equity
Transaction Amount
$15,000,000
Transaction Round
Series C
Proceeds Purposes
The new funding will be used to support the continued path to commercialization for its advanced algae biofuel technology.
M&A Terms
Venture Investor
Oak Investment Partners
Venture Investor
Gabriel Venture Partners
Venture Investor
Noventi