Venture Capital Groups Invest in Biofuel Firm
From a Times staff writer
Altra Inc., a Los Angeles-based biofuel company, said it received $50 million in financing from a group of private investors including venture capitalist Vinod Khosla, a founder of Sun Microsystems.
Altra, founded in 2004 as Malibu Capital Partners Inc., acquires and develops projects using renewable energy, including ethanol and biodiesel. The investors are Khosla Ventures, Angeleno Group, Kleiner Perkins Caufield & Byers, Omninet Private Equity and Sage Capital Partners.
