By the turn of the millennium, Lee Lynd’s and Charles Wyman’s vision of harnessing renewable and sustainable biofuels with low environmental impact, proved prescient. Global environmental, financial and political considerations ensured a bright future for alternative energy in general and biofuels in particular. After nearly twenty years of research, the goal was within reach and ready for commercialization. The concept for a biofuels company based on CBP production of cellulosic ethanol began on the back porch of Charles’s summer home on Lake Mascoma during the summer of 2005. Mascoma Corporation was founded by Wyman, Lynd and Bob Johnsen with initial funding from Khosla and Flagship Ventures.

Financials

Date Type Amount Investors Valuation
01/01/06 Series A 4M Flagship Ventures, Khosla Ventures Unknown
01/01/07 Series B 30M General Catalyst Partners,, Kleiner Perkins Caufield & Byers,, Vantage Point Venture Partners,, Atlas Venture,, Pinnacle Ventures Unknown
01/01/08 Series C 50M General Catalyst Partners, Kleiner Perkins Caufield & Byers, Vantage Point Venture Partners, Atlas Venture, Pinnacle Ventures, Khosla Ventures, Flagship Ventures Unknown

People

Jim Schumacher (SVP, Corporate Development)

Bruce Jamerson (CEO, Chairman)

Colin South (President)

Jim Flatt (SVP, R&D)

View more details about all 8 people at Mascoma

Competitors

ClearFuels Technology: ClearFuels Technology Inc’s mission is simply stated in its name; to produce clear clean renewable fuels… See Company Profile »
BioGasol: BioGasol ApS is a danish company from January 2006 with Professor Birgitte Kiær Ahring as the… See Company Profile »
Verenium: Verenium Corporation is a leader in the development and the commercialization of cellulosic ethanol, an environmentally-friendly… See Company Profile »
Northwind Ethanol: Northwind Ethanol was founded to commercialise the Gaian Starch Process. This advanced process takes starch and… See Company Profile »
Lanza Tech: The LanzaTech process increases industrial energy efficiency by capturing waste gases (CO, CO2) and converting them… See Company Profile »

View more details about all 8 competitors