Coskata Inc., a Warrenville, Illinois-based developer of platform technology for the production of biofuels and biochemicals from biomass and waste materials, has closed a round of equity financing. French oil major TOTAL invested in the round and will have a seat on Coskata’s board of directors. Also participating in the transaction were a number of the company’s existing investors, including Blackstone Cleantech Venture Partners, Khosla Ventures, Advanced Technology Ventures (ATV), Globespan Capital Partners, and Arancia.
The capital infusion will support Coskata’s bio-ethanol commercialization activities while ensuring advancement of new product technologies.
FinSMEs
27/04/2010