Proterro is the only company that makes sucrose instead of extracting it from crops. Proterro combines its core 'microorganism technology' with its patent-pending, high-density, modular, solid-phase photobioreactor for scalable production of the only non-crop-based, noncellulosic, clean sucrose that avoids the pricing volatility associated with corn and other feedstock markets. The company projects it can produce its sucrose at a cost of less than $.05/lb., which is far less than sugarcane, corn, other energy crops, or cellulosic sugar approaches. The company was recognized as one of the top 10 innovative companies during Q4 2011 by Lux Research, which said the company stood out for its 'disruptive potential.' Proterro CEO Kasdin has been named one of the top 100 people in bioenergy and one of the top 10 influential women in the biofuel business. Proterro's leadership team includes advisors with extensive experience from BP, Cargill, Gevo and Solazyme
Date | Amount | Type | Investors | Valuation |
---|---|---|---|---|
12/18/12 | $3,500,000 |
Braemar Energy Ventures Cultivian Ventures Middleland Capital | undisclosed |