Cleantech Investing: Biofuels deals: Altra and GreenFuel

Tuesday, April 11, 2006

Biofuels deals: Altra and GreenFuel

More quasi-project-finance investing by cleantech VCs: Ethanol project developer Altra (which began life as an investment firm called Malibu Capital Partners) has taken in an "undisclosed" amount of funding from Kleiner Perkins, Khosla Ventures (Vinod's new group), Omninet, Sage Capital Partners, and the Angeleno Group. Matt Marshall has a nice write-up on the deal -- and discloses that the amount of the financing was $50mm.

[4/11 update: This post discusses how Vinod has also undertaken a PIPE to take a 10% stake in Indian ethanol plant equipment manufacturer Praj Industries... Continuing to put his money where his mouth is.]

GreenFuel Technologies, which took in $11mm in Series B funding from DFJ and others last year, and is one of the more talked-about clean energy companies these days, has now completed their Series B with an additional $6.8mm from Polaris Venture Partners.

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Tuesday, April 11, 2006

Biofuels deals: Altra and GreenFuel

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