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Solix Biofuels raises $10.5 million in Series A financing

Posted at 24 November 2008 17:17

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For Colorado State University spinoff Solix Biofuels, the agree of its algae fuel has strained the benefit of some different investors: a gigantic oil factory operator and the investment arm of a Native american tribe. This morning the three-year-old algae fuel producer said it has raised $10.5 million — with an additional commitment of $5 million — in its first sequence of outer funding from I2BF Venture Capital; Bohemian Investments; Infield Capital; Southern Ute Alternative Energy, which ..read more.

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In Colorado, algae biofuel producer Solix Biofuels announced that it has raised $10.5 million in its Series A, first-series of external financing from cleantech investors. The troupe said that it has also approved with investors regarding an additional $5 million in financing that will be worn to store the band's pilot algae production gift in Durango. The financing was led by London-based I2BF Venture Capital and Fort Collins-based Bohemian Investments. Other participants embrace.

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A Fort Collins, Colorado biofuel guests will make an algae-biodiesel workshop on an Indian reservation in southern Colorado. Solix Biofuels has announced it has raised $10.5 million in funding with another $5 million commitment from investors to foster the capacity on 10 acres on the Southern Ute Indian Reservation. This feature on Colorado.com has minutiae: The plant will be jointly developed by Solix and Southern Ute Alternative Energy LLC. "We're able to use the resources open, masses of ..».

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