The Technology team advised Terragia Biofuel on its $6 million seed round led by Engine Ventures and Energy Impact Partners.
The company will use the capital to commercialize its novel biology-based approach to converting cellulosic biomass into ethanol and other products, expand its employee headcount and initiate partnerships with major biofuel producers.
Founded in 2022, Terragia Biofuel is a technology startup on a mission to develop and deploy technology to produce sustainable liquid fuels from cellulosic biomass. Terragia's technology development is supported by partnerships with Dartmouth College and the University of Campinas respectively by funding from the U.S. Department of Energy's Center for Bioenergy Innovation and the São Paulo Research Foundation, and by grants to Terragia from the United States Department of Agriculture and the National Science Foundation.
The Goodwin team was led by Andrew Sparks, Jake Hays, Skyler Gray, and Emma Conger, and included Kevin Liu and Jinny Kim (IPTS); and Ora Grinberg and Garrett Gaughan (Tax), with invaluable assistance from Natalia Yaroshevskiy.
For additional details on the financing, please read the press release.