Marrone Organic Innovations Closes $10 Million Series B Financing

DAVIS, Calif. - Marrone Organic Innovations, Inc. (MOI) is pleased to announce the closing of a $10 million private round of financing led by Stuart Mill Venture Partners (SMVP) (Falls Church, VA). Lawrence A. Hough, managing director of Stuart Mill and former president and CEO of Sallie Mae, will join MOI’s Board of Directors. Co-investing with SMVP is Contrarian Group (Newport Beach, CA). A second closing for an additional $1 million is anticipated for later this month. Link.