Virdia

Company Overview

Snapshot

Founded in December 2007, Virdia operated with 51–200 employees and raised a total of $36.4 million across 4 funding rounds from 4 investors. The company was acquired by Stora Enso in June 2014.

Business overview

Virdia develops and produces cellulosic sugars and lignin for various industries, including renewable chemicals, bioenergy, and nutrition. The company utilizes its proprietary CASE process to convert diverse cellulosic feedstocks, such as wood, energy crops, and agricultural residues, into high-purity sugars and lignin. These refined products are suitable for numerous follow-on conversions. Virdia previously operated a commercial plant in Raceland, Louisiana, producing xylose from sugarcane bagasse, and has since been incorporated into Stora Enso Biomaterials.

Company Intelligence Q&A

What was a significant corporate event for Virdia?

Virdia was acquired by Stora Enso in June 2014, leading to its incorporation into Stora Enso Biomaterials.

When did Virdia raise its A Round of funding?

Virdia secured an A Round of funding in June 2009 from investors including Khosla Ventures and Burrill & Company.

When did Virdia raise its C Round of funding?

Virdia raised a C Round of funding in March 2012 with participation from investors such as Khosla Ventures and Tamar Ventures.

What is Virdia's core technology?

Virdia's core technology is the proprietary CASE process, which converts cellulosic feedstocks into highly refined sugars and lignin.

What products did Virdia produce?

Virdia produced high-purity cellulosic sugars and lignin, including xylose from sugar cane bagasse at its commercial plant in Raceland, Louisiana.