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Amyris Biotechnologies Bags $70 Million Series B

Thursday, September 20, 2007 5:00:00 AM PDT | VentureDeal Staff

EMERYVILLE, CA -- Biofuel maker Amyris Biotechnologies, Inc. announced that it has closed its second round of venture capital financing, securing $70 million.

Amyris is developing synthetic biology technologies to produce bioactive chemical compounds.  The company says that its unique processes give it access to compounds unattainable conventional chemical synthesis.

DAG Ventures lead the round, which included Khosla Ventures, Kleiner Perkins Caufield & Byers and TPG Growth.  The company said it will use the proceeds to scale up its technology to begin producing biofuels in large quantities.

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