Solazyme, raises more than $10M to develop algae for biofuels, cosmetics

Solazyme, a Menlo Park company that developing ways to use algae to produce biofuels and cosmetic treatments, says it has raised $8 million in a second round of funding, led by the Roda Group.

Additionally, it says it raised more than $2 million in venture debt.

News of the funding was reported in VentureWire (sub required), and was expected (see earlier report).