Congratulations to biofuels innovator, LanzaTech, for their recent win of ‘Cap Raise of the Year’ in the 2015 Biofuels Digest’s Advanced Bioeconomy Awards.
Chapman Tripp advised LanzaTech on the award-winning Series D funding round, as well as the Series C round that preceded it. Partner, Nick Wells and Senior Solicitor, Greer Fredricson, led the transactions.
Nick Wells said: “LanzaTech is one of New Zealand’s great success stories. The company had a landmark year in 2014 with US$120m in capital raised and a move to Chicago.
“We congratulate them on this award and on the latest round of funding, which is an important step in the company’s goal to achieve commercialisation”.
The Bioeconomy award acknowledged LanzaTech’s success in raising nearly double its original target of US$60-80m.