Kleiner Perkins, BASF Ventures, Oxford Bioscience, interesting, very interesting. Maybe put on future radar screen for good IPO.
Who knew that tiny bugs deep underground are burping out natural gas, even at
this very moment? <BR><BR>Three years ago, Luca Technologies, a start-up in
Golden, Colo., discovered that microorganisms in U.S. coal fields are
converting--in real time--large hydrocarbon molecules into methane, a natural
gas. The obvious entrepreneurial reaction? Harness those "bugs" and put them to
work producing natural gas in underutilized oil and coal fields, decided Luca
Technologies Chief Executive Robert Pfeiffer. <BR><BR>Now some big backers are
betting that Luca’s technology will pay off. In late September, Pfeiffer raised
a combined $20 million in venture funding in a Series B round led by superstar
Silicon Valley venture firm, Kleiner Perkins Caufield & Byers, with
participation from Oxford Bioscience Partners and BASF Venture Capital America, |
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