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Mascoma Buys Celsys BioFuels

Mascoma Corp., a Cambridge, Mass.-based provider of cellulosic biomass-to-ethanol development and production, has acquired Celsys BioFuels Inc., an Indianapolis-based commercializer of a pretreatment processes for multiple biomass feedstocks, including corn fiber. No financial terms were disclosed. Mascoma has raised nearly $40 million in VC funding from Khosla Ventures, Atlas Venture, Flagship Ventures, Kleiner Perkins, Pinnacle Ventures and VantagePoint Venture Partners.