, 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.