LS9 Receives $30M

LS9, the cutting-edge biofuel startup, has scored $30 million as part of an investment round led by BlackRock, the New York asset management firm.

All previous investors also participated in the round, including, veteran backer Khosla Ventures as well as Lightspeed Venture Partners and CTTV Investments, the venture capital arm of Chevron Technology Ventures. Since 2006 the company has raised $75 million in venture funding.

South San Francisco, Calif.-based LS9 plans to use the money to bring its enzymes-based diesel fuel to markets.

“We are very pleased that this outstanding group of new and existing investors has demonstrated their commitment to LS9′s mission to bring renewable chemical and fuel products to market,”

said Ed Dineen LS9′s newly appointed CEO, in a prepared statement.

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