GreenFuel Technologies Secures $13,900,000 Series B Funding

  • Feed Type
  • Date
    5/15/2008
  • Company Name
    GreenFuel Technologies
  • Mailing Address
    735 Concord Avenue Cambridge, MA 02138
  • Company Description
    With more than a dozen pending patents, GreenFuel Technologies is the leading developer of algae bioreactor systems that can convert flue gases into clean, renewable biofuels.
  • Website
    '>http://www.greenfuelonline.com/
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $13,900,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    This extension retires $6.3M of debt and adds $7.6M of new capital to fuel growth for implementation of algae farming projects, one of which, still unannounced, began in January.
  • M&A Terms
  • Venture Investor
    Draper Fisher Jurvetson
  • Venture Investor
    Polaris Venture Partners

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