Biofuel startup Bio Architecture Lab fills up with equity round |
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Biofuel startup Bio Architecture Lab fills up with equity round
Nikesh Parekh, the former vice president of consumer marketing at HouseValues, has landed a fresh round of capital for a Seattle biofuels company called Bio Architecture Lab, according to a SEC filing.
The company's Web site offers little detail about its plans, but a short description on The Washington Life Science directory describes it as "a pioneer in the use of synthetic biology and computational enzyme design to develop novel specialty chemicals produced from renewable sources."
A job description for the company -- which is located in Seattle's Fremont neighborhood -- says that it is addessing global warming and dependence on fossil fuels.
"Our biofuels are cost-effective and equivalent to gasoline in use, but are produced from renewable carbon sources," the company writes in the description.
The company could not be reached for comment today.
According to a regulatory filing, the company secured $3.3 million of a $6 million venture round on July 14. Participants in the deal included Michael Borrus of Silicon Valley's X/Seed Capital.
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