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Mascoma Secures Strategic Venture Investment

Monday, May 05, 2008 6:03:00 AM PDT | VentureDeal Staff

CAMBRIDGE, MA -- Alternative energy company Mascoma Corporation has received a strategic investment from General Motors.  The amount of the investment was undisclosed.

Mascoma is developing technology that converts a range of cellulosic feedstocks into ethanol.

The company has received numerous state and federal grants for pursuing its technology and establishing a demonstration plant.  A series C round of funding for $50 million was raised in February, 2008.

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