Oakland-based cleantech company TerViva has secured $20 million in Series D funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced March 26.
According to its Crunchbase profile, “TerViva BioEnergy makes low-cost, tree-based feedstock for the biodiesel market at 10 percent the cost of corn-based ethanol. It restores productivity to idle agricultural land while generating clean energy, supporting local food production and restoring environmental health. Its non-GMO tree crop can be grown with little or no irrigation and produces oilseeds that are processed into oil for biofuel, plant protein for animal feed or biogas and biomass for baseload electricity generation.”
The nine-year-old company has raised three previous funding rounds, including a $3.6 million Series C round in 2017.
Over the past year, four Oakland-based agriculture and farming companies have secured venture funding, totaling $45 million in new investment to the local industry.
In other local funding news, medical company NextGen Jane announced a $9 million Series A funding round on April 1, led by Material Impact Fund.
https://abc7news.com/business/tervivas-$20-million-financing-tops-recent-funding-news-in-oakland/5258996/