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LS9 Reels In $5 Million First Round

Tuesday, March 13, 2007 8:00:00 AM PDT | VentureDeal Staff

SAN CARLOS, CA -- Biofuel company LS9 said that it has raised $5 million in a series A funding round.

Investors in the round were Flagship Ventures and Khosla Ventures.

The company is developing technology to create new types of bio-based fuels as alternatives to petroleum-based fueld.  Concurrently with the funding, the company announced the creation of a scientific advisory board, which includes Chaitan Khosla, brother of one of the venture investors.

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