San Diego’s Sapphire Energy one of the largest VC investments of Q1

 

Earlier this year Sapphire Energy, Inc. added $139,000,000  in venture capital to its coffers as it ramps up development of algae-based green crude oil. It’s one of the largest venture capital investments nation-wide in the first quarter. Investors include ARCH Venture Partners, Monsanto Corporation, Venrock Associates, and an undisclosed firm.

Since it was founded in 2007 with $100 million in initial investment, it has raised another $104.5 million from the U.S. Department of Energy and the U.S. Department of Agriculture.

See the largest vc deals of Q1 here.

Read the latest news coverage about Sapphire Energy here.

May 6, 2012 / Filed under: Uncategorized

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