Carlsbad-based Verdezyne, which is developing technology to improve the fermentation process for biofuels, has raised $2.96M as part of a funding round, according to a regulatory filing from the firm Thursday afternoon. According to the filing, the funding is part of an ongoing $15.18M round. Monitor Ventures and OVP Venture Partners--prior investors in the firm--are listed as current board members. No details on the funding have been released by the firm, which was formerly known as CODA Genomics. More information »