TerViva's $20 million financing tops recent funding news in Oakland

TerViva's $20 million financing tops recent funding news in Oakland
Photo: TerViva/Facebook
By Hoodline - Published on April 18, 2019.

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.

According to Crunchbase, it is a "data-driven women's health company offering a woman insight into her reproductive health through a smart tampon system to track biological changes predictive of disease."

Founded in 2014, the company has raised two previous rounds, including a $2.2 million round in 2016.

Meanwhile, apps company Sunsama raised $150,000 in seed funding, announced on March 18. The round was financed by Y Combinator.

From the company's Crunchbase profile, "Sunsama is the World's Time Network. Share your time with colleagues, mentors, friends and your professional network without worrying about scheduling."

Sunsama last raised seed funding in 2017.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.