Greenfuel Raises $13.9 Million

Cambridge, MA – GreenFuel Technologies Corporation, a privately held company developing algae farm technologies for recycling CO2 emissions, has closed a $13.9M venture capital round led by Access Private Equity, Draper Fisher Jurvetson, and Polaris Venture Partners. GreenFuel intends to use these funds to prepare for algae farm technology development and scaling projects during 2008. Link.