ZeaChem Gets $34M

Lakewood, Colorado-based ZeaChem said this morning that it has raised $34M in a Series B funding round, for the firm's technology for converting biomass to fuel. According to the firm, the round was led by Globespan Capital Partners and PrarieGold Venture Partners, and also included MDV-Mohr Davidow Ventures, Firelake Capital, and Valero Energy Corporation. Zeachem said it is developing biorefineries which use cellolosic ethanol technology. More information »