Catilin Secures $3 Million in Financing

Catilin, a bio-diesel production company, has raised $3 million in Series A financing led by MDV-Mohr Davidow Ventures, an early-stage Silicon Valley-based venture capital firm. The funds will be used to build out a pilot production facility, continue groundbreaking research, and build the Catilin team.

Catilin has developed a process for bio-fuels production that promises to greatly reduce the cost of bio-diesel, and to make bio-diesel cost competitive with diesel without government subsidies. The company claims that its nanotechnology process allows bio-diesel producers to get maximum profit from a broad range of feed stocks using fewer processing steps, which leads to lower overall costs, and greatly reduces water consumption and environmental contaminants. The process works with existing biodiesel production facilities.

The technology was developed by Iowa State University chemistry professor, and U.S. DOE Ames Laboratory senior scientist Victor Lin. The company will use the Biomass Energy Conversion Center facility (BECON) at Iowa State for its pilot biodiesel production.

MDV invests in entrepreneurs creating businesses that address significant challenges and opportunities associated with Driving the Digital World, Personalizing Medicine and Powering the Planet. For nearly 25 years MDV has partnered with entrepreneurs and taken a hands-on approach to architect and help build successful companies. MDV’s team and the firm’s extended network of industry experts bring years of real-world experience to accelerate each company’s time to market and optimize its long-term success. The firm has $1.4 billion under management.

Among the many MDV funded companies that have gone public or been acquired are: Actuate; Agile; Auspex; Broadbase (KANA); Brocade; Epigram (BRCM); FormFactor; Freshwater Software (MERQ); Ipsilon Networks (NOK); Kalpana (CSCO); Numerical Technologies (SNPS); ONI Systems (CIEN); Pivotal Technologies (BRCM); Rambus; Vantive; Vitesse; and Zip2 (AltaVista).

For more information, please visit www.catilin.com