Solix Biofuels Raises $15.5 Million

Solix Biofuels, a Fort Collins, Colo.-based developer of algae-based intermediates for fuel and chemical production, has raised $10.5 million in first-round funding. It also has secured a $5 million equity commitment to help build algae biofuel facility near Durango, Colorado. I2BF Venture Capital and Bohemian Investments co-led the round, and were joined by Southern Ute Alternative Energy LLC, Valero Energy Corp. and Infield Capital.

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