Earlier this year Sapphire Energy, Inc. added $139,000,000 in venture capital to its coffers as it ramps up development of algae-based green crude oil. It’s one of the largest venture capital investments nation-wide in the first quarter. Investors include ARCH Venture Partners, Monsanto Corporation, Venrock Associates, and an undisclosed firm.
Since it was founded in 2007 with $100 million in initial investment, it has raised another $104.5 million from the U.S. Department of Energy and the U.S. Department of Agriculture.
See the largest vc deals of Q1 here.
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