Sapphire Energy Secures $144,000,000 Series C Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0992a64b-7509-4060-a31e-6c17da4ef580&Preview=1
Date
4/3/2012
Company Name
Sapphire Energy
Mailing Address
2658 Del Mar Heights Rd Del Mar, CA 92014
Company Description
Company scientists have built a platform that uses sunlight, CO2, photosynthetic microorganisms and non-arable land to produce carbon-neutral alternatives to petrochemical-based processes and products. First up: renewable gasoline.
Website
http://www.sapphireenergy.com
Transaction Type
Venture Equity
Transaction Amount
$144,000,000
Transaction Round
Series C
Proceeds Purposes
This round of funding is being used to directly support Sapphire Energy’s active and on-schedule commercial demonstration in Luna County, New Mexico.
M&A Terms
Venture Investor
Arrowpoint Partners
Venture Investor
Monsanto
Venture Investor
Undisclosed