TITLE

Bill Gates Looks to Algae

AUTHOR(S)
Lee, Michael
PUB. DATE
September 2008
SOURCE
Red Herring;9/17/2008, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reveals that Sapphire Energy, a San Diego, California-based company working to turn algae to fuel, has successfully completed a second round of funding deal which include former Microsoft Chairman Bill Gates. The company was able to boost its total funding upwards of $100 million. Other investors involved in the deal, aside from Gates' Cascade Investment, include Arch Venture Partners, Wellcome Trust, and Venrock. According to investors, the company has a different approach from rivals on algae-based fuel.
ACCESSION #
36646753

 

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