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LS9 Signs On For $3 Million Venture Debt

Monday, March 17, 2008 5:00:00 AM PDT | VentureDea Staff

SAN CARLOS, CA -- Biotech energy company LS9, Inc. has raised $3 million in new venture debt, according to a report in VentureWire.

LS9 is developing petroleum replacement products from biological, fermentation-based processes starting from renewable sugars.  The company's product process is called DesignerBiofuels.

Leader Ventures made the venture loan.  Proceeds purposes were not disclosed in the report.

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