SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Solazyme, Inc., the leading industrial biotechnology company producing renewable oil and bioproducts from microalgae, announced that Sir Richard Branson has invested in Solazyme's Series D financing.
Sir Richard has invested in Solazyme's financing in a personal capacity. The stake complements existing Virgin Group investments through the Virgin Green Fund in the renewable energy and resource efficiency sectors.
"Sustainable renewable oils and biofuels will play an important role in our future," said Sir Richard. “We have made a number of investments in these emerging fields over the last four years and I'm excited about Solazyme's potential to make oils for fuels, chemicals and foods at scale."
Jonathan Wolfson, CEO of Solazyme, also commented on the new relationship. "Sir Richard Branson is clearly a recognized thought leader in sustainable solutions and the fight to reduce carbon pollution. We are honored to have him join Solazyme as an investor.”
Solazyme, Inc. is a renewable oil and bioproducts company and the leader in algal biotechnology. Founded in 2003 and headquartered in South San Francisco, Solazyme's unique technology allows algae to produce oil and biomaterials in standard fermentation facilities quickly, efficiently and at large scale. These oils and biomaterials are tailored not only for biofuel production, but also as replacements for fossil petroleum and plant oils in a diverse range of products running from clean fuels and chemicals to cosmetics and foods. Solazyme's oils and fuels provide compelling solutions to increasingly complex issues of fuel scarcity, energy security and environmental impact while fitting cleanly into the pre-existing multi-trillion dollar fuel infrastructure.
Solazyme's investors among others include Braemar Energy Ventures, Harris & Harris Group, Lightspeed VenturePartners, The Roda Group, and VantagePoint Venture Partners.
For more information, please visit our website: http://www.solazyme.com.
About Sir Richard Branson:
Sir Richard Branson is Founder of the Virgin Group. Set up in 1970 Virgin is one of the world’s most recognised and respected brands and has expanded into sectors ranging from air and ground travel to media, telecommunications, health, leisure, space travel and renewable energy through more than 200 companies worldwide. The group employs approximately 50,000 people in 29 countries.