Return to search

Range Fuels Expands Round

Range Fuels Inc., a Broomfield, Colo.-based developer of cellulosic ethanol production technology, has expanded its Series B round. The company originally announced that it had raised $100 million, but a regulatory filing indicates that the round has now expanded to $166 million (with $158m called down).

Morgan Stanley Capital Group is the only investor on the filing that was not in the original release. Hedge fund Passport Capital led the round, while other backers include BlueMountain, Khosla Ventures, Leaf Clean Energy Co. and Pacific Corporate Group. Advanced Equity and Morgan Stanley served as placement agents.

(VentureBeat found this one first).