MDV Invests in Cellulosic Ethanol Technology

Menlo Park, California [] MDV-Mohr Davidow Ventures, a Silicon Valley based venture capital firm, announced this week that it has invested in ZeaChem, a biofuels technology company. Joining MDV in the $4 million round is Firelake Capital. With roots in the renewable based plastics business, ZeaChem CEO and co- founder Dan Verser joined with CTO and co-founder Tim Eggeman, to create a process that allows both fermentable and non-fermentable portions of a variety of cellulosic feedstocks to contribute chemical energy to ethanol while consuming all of the carbon in the process.
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