Siluria Gets $20 Million to Develop Methane-to-Fuel Technology

Sept. 28 (Bloomberg) -- Siluria Technologies received $20 million in funding to commercialize its process for converting methane into fuel and chemicals.

The Series B round was led by Wellcome Trust, a London-based charity that funds health research with a $23 billion investment portfolio, San Francisco-based Siluria said yesterday in a statement. Existing investors Alloy Ventures, Arch Venture Partners, Kleiner Perkins Caufield & Byers, Altitude Life Science Ventures, Lux Capital and Presidio Ventures also participated in the funding.

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