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Solazyme raises $57M in 3rd round

Solazyme raises $57M in 3rd round

Solazyme, Inc., the South San Francisco company that uses microalgae biotechnology to produce renewable oil, raised $57 million in a third round of funding. The latest round was led by Braemar Energy Ventures- New York based company and Lightspeed Venture Partners- Menlo Park company. The total investment that was brought in Solazyme, Inc. accounts for more than $76 million.  

SF Business Times- 6/8/2009