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Virent

Description

Developer of alternative fuel from biomass sources. The company owns a patented technology, which features catalytic chemistry to convert plant-based materials into a full range of products identical to those made from petroleum, including gasoline, diesel, jet fuel, and chemicals for plastics and fibers. Its products are drop-in replacements that enable full utilization of existing logistics infrastructure without blending limitations.

PRIVATE

Status

11-50

Employees

M&A

Latest Deal Type

$77.4M

Total Amount Raised

12

Investors

Description

Developer of alternative fuel from biomass sources. The company owns a patented technology, which features catalytic chemistry to convert plant-based materials into a full range of products identical to those made from petroleum, including gasoline, diesel, jet fuel, and chemicals for plastics and fibers. Its products are drop-in replacements that enable full utilization of existing logistics infrastructure without blending limitations.

Website:

www.virent.com

Formerly Known As

Virent Energy Systems

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Energy Production

Other Industries

Other Energy

Primary Office

3571 Anderson Street Madison, WI 53704United States +1 (608) 663-0228
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Virent Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

Virent Cap Table

Stock# of Shares
Authorized
Par ValueDividend Rate (%)Original
Issue Price
LiquidationLiquidation
Pref. Multiple
Conversion
Price
% Owned

Virent Investors (12)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
Advantage Capital PartnersVenture CapitalMinority000 0000000 0000
BIRD FoundationOther000 0000000 0000
Cargill VenturesCorporate Venture CapitalMinority000 0000000 0000
Honda Strategic VenturingCorporate Venture CapitalMinority000 0000000 0000
National Institute of Standards and TechnologyGovernment000 0000000 0000
Advantage Capital Partners Venture Capital
BIRD Foundation Other
Cargill Ventures Corporate Venture Capital
Honda Strategic Venturing Corporate Venture Capital
National Institute of Standards and Technology Government

Virent Executive Team (11)

NameTitleBoard
Seat
Contact
Info
Lee EdwardsChairman, President & Chief Executive Officer
Jeffrey Moore JDChief Operating Officer
Randy Cortright Ph.DFounder, Board Member & Chief Technical Officer
Ralph LernerDirector, Business Development
Jennifer PhillipsDirector, Human Resources
Lee Edwards Chairman, President & Chief Executive Officer
Jeffrey Moore JD Chief Operating Officer
Randy Cortright Ph.D Founder, Board Member & Chief Technical Officer
Ralph Lerner Director, Business Development
Jennifer Phillips Director, Human Resources

Virent Board Members (9)

NameRepresentingRoleSinceContact
Info
Arpesh MehtaSelfBoard Member000 0000
Bradley BellVirentChairman000 0000
David JacoberRoyal Dutch ShellBusiness Opportunity Manager000 0000
James SayreSelfBoard Member000 0000
John NeisVenture InvestorsExecutive Managing Director000 0000
Arpesh Mehta Board Member Self
Bradley Bell Chairman Virent
David Jacober Business Opportunity Manager Royal Dutch Shell
James Sayre Board Member Self
John Neis Executive Managing Director Venture Investors
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