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Aurora Biofuels Grabs $15 Million Series C

Friday, March 19, 2010 5:29:00 AM PDT | VentureDeal Staff

Alameda, California  --  Alternative energy company Aurora Biofuels has raised $15 million in its third round of institutional venture capital investment.

Aurora has developed proprietary technology for creating bio diesel fuels with 125 times higher yields and 50% lower costs than current production methods.

Investors in the round were Oak Investment Partners, Gabriel Venture Partners and Noventi.  The company said it would use the funding proceeds to continue its commercialization efforts.

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