Virdia Ltd.

www.hclcleantech.com

Formerly HCL

High-Tech Company

Acquired by Stora Enso

TECH VERTICALS

Energy Tech, Renewable Energy

General Data

Sector	Energy
Company Stage:	R&D
Established	2007
Number of Employees	35
Reg. Number:	abCDe

DESCRIPTION

Virdia is a leading developer of extraction technologies for conversion of cellulosic biomass to highly refined fermentable sugars and high quality lignin. The company has developed a proprietary platform for cost-effectively extracting highly refined sugars and lignin from a variety of cellulosic feedstocks.

TECHNOLOGY

Virdia has radically improved the economics of an industrially proven CASE process for conversion of biomass through a sequence of innovative extraction and separation operations. This CASE process yields and refines almost all of the theoretical sugars contained in lignocelluloses, the lignin and the extractives.

	TARGET MARKETS
	Markets- Renewable Fuels & Fuel Intermediates, Renewable Chemicals/Materials, Nutrition, Pelletized Energy Source, Carbon Fibers, Flame Retardants for Consumer products

	BUSINESS MODEL
	B2B

SERVICE PROVIDERS

Company Name	Type
abC Defghij	Law Firm
abC Defghij	Patent Attorneys

REMARKS

Date	Remark
01/03/2012	secured a $75m loan package from the state of Mississippi.

CONTACT INFO

Expand / Collapse All

Main Address: Redwood City, United States

City	Redwood City
State/Province	CA
Country	United States

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Herzliya, Israel

Address	6 Galgale Haplada St.
POB	12424
City	Herzliya
Country	Israel
Zip	4672206

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Danville, United States

Address	228 Slayton Ave
City	Danville
State/Province	VA
Country	United States
Zip	24540

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Mr. Philippe Lavielle	CEO
Mr. Robert Jansen	CTO
Mr. Brian Kinard	VP, Corporate Development & General Counsel
Mr. Eran Baniel	Co-Founder	LifeWave (CEO)
Prof. Aharon Meir Eyal	Founder	Superbrewed Food (CSO)

	BOARD

Board

Member	Title	Affiliation
abC Defghij	Board Member	CEO, Virdia
abC Defghij	Board Member	Founding General Partner, Khosla Ventures
abC Defghij	Board Member	Former CFO, Princess Cruises
abC Defghij	Board Member	Managing Director , Burrill & Company

Mergers & Acquisitions

Round

Date

Stage

Amount

Valuation

Acquired

Jun. 23, 2014

R&D

abCDe

Additional potential payouts totalling around $29m could become due following specific technical and commercial milestones by 2017.

* New investor

Investor	Type	Amount	Remarks
abC Defghij*	Traditional Industry	abCDe

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

Expand / Collapse All

Round

Date

Stage

Amount

Valuation

Venture Lending

Mar. 06, 2012

R&D

abCDe

First Round - Extended

Jul. 01, 2011

R&D

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Private Equity Fund	abCDe
abC Defghij	Private Investor	abCDe

First Round

Jun. 01, 2009

R&D

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Private Equity Fund	abCDe
abC Defghij	Private Investor	abCDe

Seed

Mar. 01, 2008

Seed

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Private Investor	abCDe
abC Defghij	Private Investor	abCDe

	R&D Grants

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Round

Date

Stage

Amount

Remarks

R&D Grant

Jun. 12, 2011

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Government Agency	abCDe	Co-op with LS9 Inc.

R&D Grant

Aug. 17, 2010

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Bi-National Fund	abCDe	Co-op with VirentEnergy Systems Inc.

Last Updated:	abCDe
IVC Number:	abCDe