Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f9115f2a-e287-4fe3-8c3c-98ba9db8f75c&Preview=1
Date 3/8/2011
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.
Proceeds Purposes The transaction is part of a larger strategic collaboration that will leverage sapphires algae-based research platform to discover genes that could be applied to agriculture.