Coskata Received $19.5 Million Equity Financing Both From Initial and New Investors

Warrenville, Ill.-based cellulosic ethanol developer Coskata Inc. has secured a Series C round of equity financing led by New York-based Blackstone Cleantech Venture Partners LP. In addition to Blackstone, new investors include Sumitomo and Arancia. Several of Coskata’s earlier Series A and Series B investors also participated in the Series C round, including Khosla Ventures, Advanced Technology Ventures, Globespan Capital Partners and TriplePoint Capital. General Motors Corp., which previously has provided Coskata with funding, did not participate in this latest round of financing. The valuation and terms of the financing round were not disclosed. Read

Labels: Cellulosic-Companies

posted by Geetha @ 6:02 AM