EdeniQ, a Visalia, CA-based biomaterials and sustainable fuels company, has raised over $30m in additional debt and equity financing.
The equity round was led by both existing investors, including Kleiner Perkins Caufield & Byers, Draper Fisher Jurvetson, Cyrus Capital, The Westly Group, Angeleno Group, I2BF Global Ventures and Element Partners as well as a new investor, Flint Hills Resources Renewables LLC.
Comerica and ATEL Ventures provided the debt facility.
Led by Brian Thome, President and CEO, Dr. Thomas Griffin, CTO, Peter Kilner, Vice President of Business Development, and Scott Janssen, CFO, EdeniQ develops processes and products that unlock sugars from renewable natural resources that will provide the raw material needed for sustainable chemical and fuel production.
The company also has locations in Omaha, Nebraska and the state of Sao Paolo in Brazil.
In conjunction with the equity financing, Jeremy Bezdek, managing director of innovation for Flint Hills Resources, has joined EdeniQ’s board of directors.