Friday, July 2, 2010

Ceres Raises $20M

Thousand Oaks-based Ceres, a developer of biofuel crop technology, has raised another $20M in funding, according to a regulatory filing from the firm Friday. Source of the new funding was not disclosed. The filing indicates the round came from five investors. Ceres has previously raised funds from Warburg Pincus, Soros Private Equity, QuestMark Partners, Oxford BioScience, Oppenheimer, Monsanto, KBC, H&Q, and GIMV. Ceres is working on commercial switchgrass seed products which optimize the amount of biofuel produced from crops. More information »

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