LanzaTech Raises $58 Million in Series C Round; Petronas Becomes Strategic Investor
1/23/2012 8:00:39 AM
Malaysia’s national oil company invests in early-stage advanced biofuels venture. Is SE Asia the next stop for LanzaTech’s magic microorganism? In Illinois, LanzaTech announced that it has closed its Series C round with new investment totaling US $55.8 million led by the Malaysian Life Sciences Capital Fund. New investors include Petronas Technology Ventures Sdn Bhd, the venture arm of Petronas, the national oil company of Malaysia, and Dialog Group, a leading Malaysian integrated specialist technical services provider to the oil, gas and petrochemical industry. Specific investments in the round were not disclosed by the company.