Deal Announcements

Catilin Catches $3 Million Series A Funding

Tuesday, July 03, 2007 5:00:00 AM PDT | VentureDeal Staff

AMES, IA -- Biofuels company Catilin, Inc. announced that it has raised $3 million in series A venture capital financing.

Catilin says it has developed a unique process for biofuels production that reduces the cost of biodiesel, making it competitive with diesel, even without government subsidies.  The process works with a variety of feedstocks, including soybean oil to animal fats.

Mohr, Davidow Ventures led the financing round.  The company intends to use the proceeds to build a pilot production facility and hire additional staff.

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