When was Virdia founded?

Virdia was founded in 2007 and raised its 1st funding round 2 years after it was founded.

Where is Virdia located?

Virdia is headquartered in Redwood City, United States.

Is Virdia a funded company?

Virdia is a funded company, having raised a total of $25.1M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on May 29, 2009.

When was the latest funding round of Virdia?

Virdia's latest funding was a $***** Series B round on Mar 06, 2012, with participation from 3 investors. Its primary sector is Bioenergy. In United States, the Bioenergy sector has seen $46.3M in funding in 2026 to date.

Where does Virdia rank among its competitors?

Virdia ranks 4th amongst 80 active competitors, of which 12 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was ComBio, which secured an undisclosed amount in Sep, 2023.

Who are the top competitors of Virdia?

Virdia's top competitors include EdeniQ, ECOBOARD and Global Clean Energy. Among them, ComBio secured the most recent funding round in September, 2023.

Virdia - 2026 Company Profile, Funding & Competitors

Q: Is Virdia an acquired company?

Virdia got acquired by STORA ENSO on Jul 22, 2014.

Virdia is an acquired company based in Redwood City (United States), founded in 2007. It operates as a Cellulosic conversion to lignin. Virdia has raised $25.1M in funding from investors like Khosla Ventures, Burrill and Company and Tamar Ventures. The company has 80 active competitors, including 12 funded and 13 that have exited. Its top competitors include companies like EdeniQ, ECOBOARD and Global Clean Energy.

Company Details

Virdia (fka HCL CleanTech) develops extraction technologies for the conversion of cellulosic biomass to refined fermentable sugars and lignin. The company offers Cold Acid Solvent Extraction process, which converts cellulosic feedstock, including plantation/industrial wood, energy crops, and agricultural residues into sugars and lignin. Its cellulosic sugars and lignin are intermediate products in supply chains that lead into biochemicals, biofuels, plastics, and carbon fibers, as well as nutritional supplements for food and feed.

Website: virdia.com
Email ID: *****@virdia.com
Part Of

Key Metrics

Founded Year

2007

Location

Redwood City, United States

Stage

Acquired

Total Funding

$25.1M in 4 rounds

Latest Funding Round

Series B, Mar 06, 2012, $*****

Investors

Khosla Ventures & 4 more

Ranked

4^th among 80 active competitors

Similar Companies

EdeniQ & 89 more

Exit Details

Acquired by STORA ENSO (Jul 22, 2014)

View Virdia's full profile

Virdia got acquired by STORA ENSO on Jul 22, 2014 at an acquisition amount of $*****.

Click here to take a look at Virdia's acquisition in detail

Virdia has raised a total funding of $25.1M over 4 rounds. Its first funding round was on May 29, 2009. Its latest funding round was a Series B round on Mar 06, 2012 for $*****. 3 investors participated in its latest round. Virdia has 5 institutional investors.

Here is the list of recent funding rounds of Virdia:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 06, 2012	8001200	Series B	1878085	3613927	2054015	6508913
Mar 06, 2012	6789851	Venture Debt	8261844	6735016	3587975	TriplePoint Capital
Sep 23, 2011	5957994	Grant (prize money)	6393535	2475471	3652001	OSTI

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Top competitors of Virdia include EdeniQ, ECOBOARD and Global Clean Energy. Here is the list of Top 10 competitors of Virdia, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	EdeniQ 2008, Visalia (United States), Acquired	Provider of analytical testing methods for grains and biofuel materials	$73.5M	Trinity Capital Investment, Northgate Capital ... & 19 others	48/100
2nd	ECOBOARD 1986, Pune (India), Public	Manufacturer of composite building materials derived from processed agro fibers	-	-	44/100
3rd	Global Clean Energy 2008, Torrance (United States), Public	Vertically integrated renewable fuels company focused on sustainable, low-carbon transportation solutions	-	ExxonMobil	43/100
4th	Virdia 2007, Redwood City (United States), Acquired	Cellulosic conversion to lignin	$25.1M	TriplePoint Capital, Khosla Ventures & 3 others	42/100
5th	Cenergi 2010, Petaling Jaya (Malaysia), Acquired	Developer of renewable energy and energy efficiency power plant projects	-	Khazanah Nasional Berhad, China Construction Bank ... & 1 others	42/100
6th	Sweetwater 2006, Rochester (United Kingdom), Series B	Producer of concentrated sugars and clean lignin	$17.7M	MIT Startup Exchange, Cranberry Capital & 1 others	41/100
7th	ComBio Seed	Provider of industrial biomass boilers to reduce carbon emission output	-	Lightrock, SPX Capital	37/100
8th	Assured Renewables 2016, Vancouver (Canada), Unfunded	Provider of sustainable waste and water treatment technology system solutions	-	-	36/100
9th	ProPellet Oy 2005, Ylivieska (Finland), Acquired	Provider of renewable bioenergy heat utility services for commercial properties	-	-	35/100
10th	Celignis Funding Raised	Provider of biomass compositional analysis and bioprocess development consulting services	-	Europa	35/100