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 | Unknown | |
| 01/01/07 | Series B | 30M | Unknown | |
| 01/01/08 | Series C | 50M | Unknown |
People
Jim Schumacher (SVP, Corporate Development)
Bruce Jamerson (CEO, Chairman)
Colin South (President)
George Schaefer (CFO)
Jim Flatt (SVP, R&D)
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 »
News
Khosla-backed Gevo raises $107 million in biofuels IPO
February 9, 2011 4:42 pm
Biofuels company Gevo raised $107 million in an initial public offering yesterday, pricing 7.1 million shares at $15 each. The… Continue reading ⟩
On the GreenBeat: Range Fuels to close plant, Valero puts $50 million in biofuels
January 14, 2011 7:41 pm
Here’s the latest action we’re following on the GreenBeat: Valero will invest $50 million biofuels plant — The plant is… Continue reading ⟩
Solazyme bottles $52M for algae-based fuel
August 10, 2010 4:34 am
San Francisco-based biofuel company Solazyme announced today that it has landed $52 million in a fourth round of venture capital… Continue reading ⟩