GreenFuel Technologies Secures $13,900,000 Series B Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b3724a5c-defa-475c-b55a-dfdc96066144&Preview=1 -
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/
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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
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Venture Investor
Draper Fisher Jurvetson -
Venture Investor
Polaris Venture Partners
