From The Sea To The Sky: United Invests $5 Million In Algae-Based Fuel Producer Viridos

Mar 13, 2023•over 2 years ago

Amount Raised

$5 Million

La JollaBiotechnology

Investors

United

Description

United wants to turn microalgae into SAF through the first new investment of its recently announced UAV Sustainable Flight FundSM since its launch: algae biofuel company Viridos. This $5 million investment will support the production of sustainable aviation fuel (SAF) made from algae, an abundant and scalable resource that can be grown and harvested without impacting the food supply chain.

Company Information

Company

Viridos

Location

La Jolla, California, United States

About

Viridos is a privately held biotechnology company harnessing the power of photosynthesis to create transformative solutions to mitigate climate change. Our unparalleled understanding of algal genetics and ability to translate innovation from lab to field underpins our initial deployment: a scalable platform to produce low-carbon intensity biofuels for aviation, commercial trucking, and maritime shipping. Building on a legacy of genomic firsts, our team of scientists and engineers are shaping new pathways toward a sustainable bioeconomy. To learn more, visit us at Viridos.com.

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

From The Sea To The Sky: United Invests $5 Million In Algae-Based Fuel Producer Viridos

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