EdenIQ Raises $12.4 Million

EdenIQ, a Visalia, Calif.-based developer of biofuel yield enhancement technologies, has raised $12.4 million in Series B funding. Draper Fisher Jurvetson led the round, and was joined by The Westly Group, Kleiner Perkins, Cyrus Capital, Angeleno Group, Element Partners, Morgan Stanley, Advanced Equities, Omninet and Nimes Capital. The company previously raised over $33 million.

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