Fundz

From The Sea To The Sky: United Invests $5 Million In Algae-Based Fuel Producer Viridos

PRIVATEMar 13, 2023

Amount Raised

$5 Million

Round Type

Funding Round

La JollaBiotechnology

Investors

United

Description

United wants to turn microalgae into SAF through the first new investment of its recently announced UAV Sustainable Flight FundSM since its launch: algae biofuel company Viridos. This $5 million investment will support the production of sustainable aviation fuel (SAF) made from algae, an abundant and scalable resource that can be grown and harvested without impacting the food supply chain.

Who else raised in Biotechnology around the same time

Companies in the same sectors as Viridos that raised within 45 days of this round, from Fundz verified event records.

  • JumpCode Genomics raised $9.2M on April 27, 2023.
  • HCW Biologics raised $26M (Debt Financing) on April 27, 2023.
  • Antiva Biosciences raised $53M (Series E) on April 27, 2023.
  • Foresight Diagnostics raised $59M (Series B) on April 27, 2023.
  • Biomica raised $20M (Funding Round) on April 27, 2023.
  • SunBird Bio raised $23M on April 27, 2023.

Who to call at Viridos, and when

A new round usually means Viridos is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Viridos raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Viridos, from your own LinkedIn network

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Company Information

Company

Viridos

Location

La Jolla, California, United States

About

Viridos is a privately held biotechnology company harnessing the power of photosynthesis to create transformative solutions to mitigate climate change. Our unparalleled understanding of algal genetics and ability to translate innovation from lab to field underpins our initial deployment: a scalable platform to produce low-carbon intensity biofuels for aviation, commercial trucking, and maritime shipping. Building on a legacy of genomic firsts, our team of scientists and engineers are shaping new pathways toward a sustainable bioeconomy. To learn more, visit us at Viridos.com.

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Viridos raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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