In 2008, venture capital firms invested $680.2 million into US biofuel firms, including $437 million in cellulosic ethanol (64.25%), $175.9 million in microalgae (25.86%), $42 million in butanol (6.17%) and 25.3 million into systems and infrastructure providers (3.72%), according to a compilation by Biofuels Digest.
VCs invested $110.5 million in the Q4 economic slowdown, after $233 million in Q2, the high for the year.
The largest single reported investment was $166 million for Range Fuels from Khosla Ventures and an unnamed energy company. Sapphire Energy was second, with $100 million from ARCH Venture Partners, Wellcome Trust, Venrock and Cascade Investment. Amyris Technologies was third with $90 million from DAG Ventures, Khosla Ventures, Kleiner Perkins Caulfield & Byers, TPG Ventures, John Melo, Jeryl Hilleman, Kinkead Reiling, Jack Newman, Neil Renninger, Ralph Alexander, and Tamara Tompkins.
A complete summary of the 2008 transactions is available on the Biofuels Digest website.