Aurora BioFuels closes on second-round financing

By | August 08, 2008
Alameda, Calif.-based Aurora BioFuels Inc. secured $20 million in June through a second round of funding led by existing investor Oak Investment Partners. Previous first-round investors Gabriel Venture Partners and Noventi LLC also participated in the round. Aurora BioFuels intends to use the funds to expand its field of operations in open-pond algae aquaculture technology, and to increase its effort in optimizing the production cycle of growing, harvesting and extracting microalgae for biodiesel production, according to Jim Long of Gabriel Venture Partners.
 
 
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