Mascoma Adds $50 Million

Mascoma Corp., a Cambridge, Mass.-based provider of cellulosic biomass-to-ethanol development and production, has raised $50 million in Series C funding, according to a regulatory filing. It includes $30 million in equity, and $20 million in debt.


General Catalyst Partners was joined by return backers Khosla Ventures, Atlas Venture, Flagship Ventures, Kleiner Perkins, Pinnacle Ventures and VantagePoint Venture Partners. Mascoma had previously raised around $40 million.