Bio-fuels pioneer LanzaTech raises a further US$60 millionFriday 4 Apr 2014 New Zealand-founded bio-fuels innovator LanzaTech has attracted US$60 million in its latest capital-raising round, including a US$20 million commitment from Japanese industrial conglomerate Mitsui, which will join the LanzaTech board.Headquartered in Chicago, but with scientific operations led from its Auckland laboratories, LanzaTech is seeking up to US$80 million in its so-called “D round” of funding, with a second tranche possible later this year, according to a report on the authoritative BioFuels Digest website, which describes the latest capital-raising as a “monster haul.” Others participating in the round were German industrial giant Siemens, through its venture capital unit, CICC Growth Capital, and several of the firm’s existing investors: US billionaire clean-tech investor Vinod Khosla’s vehicle Khosla Ventures, Warehouse founder Stephen Tindall’s K1W1 fund, Qiming Venture Partners, and the Malaysian Life Sciences Capital Fund. More >> |
Copyright 2004-2026 © Innovatek Ltd. All rights reserved. |