Cobalt Technologies, the Mountain View, CA-based maker of butanol from woody biomass sources, said it has raised $20 million in a Series D financing. The round was led by The Whittemore Collection, and included Pinnacle Ventures, Malaysian Life Sciences Capital Fund, VantagePoint Capital Partners, Life Sciences Partners, @Ventures, Harris & Harris, and Burrill and Company. it has raised $20 million in a Series D financing round. The money will be used to help Cobalt build a cellulosic biorefinery in Alpena, MI, which it says is the world’s first to produce butanol, an industrial chemical.
Author: Luke Timmerman
Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.
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