Bunge Backs Solazyme

Solazyme Inc., a South San Francisco, Calif.-based developer of biofuels through the use of microalgae, said that Bunge Ltd. (NYSE:BG) has joined the company's Series D funding round as a strategic investor. No financial terms were disclosed. The company previously said that it had raised $52 million in Series D funding from Morgan Stanley, Braemar Energy Ventures co-led the round, and were joined by insiders Lightspeed Venture Partners, The Roda Group, Harris and Harris Group, VantagePoint Venture Partners, Zygote Ventures, CTTV Investments and San-Ei Gen.

North AmericaUSBriefs