Solazyme Adds $45 Million

Solazyme Inc., a South San Francisco, Calif.-based developer of biofuels through the use of microalgae, has raised $45.4 million in Series C funding, according to a regulatory filing. The deal included around $6.4 million of convertible securities. Braemar Energy Ventures and Lightspeed Venture Partners were joined by return backers like The Roda Group and Harris & Harris Group.