Solazyme, Inc. announced that Sir Richard Branson has invested in Solazyme’s Series D financing. Sir Richard invested in Solazyme’s financing in a personal capacity, although 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. 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.—Sir Richard Branson
Solazyme is an algal biotechnology company that produces renewable oils and biomaterials in standard fermentation facilities. Unilever has also just joined the Series D as a strategic investor. (Earlier post.)