Xconomy Boston

WoodPellets.com Receives $11,000,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dfe8f41c-f5e2-485e-a34b-dc99806f0458&Preview=1
Date
8/31/2009
Company Name
WoodPellets.com
Mailing Address
84 Daniel Plummer Road Goffstown, NH 03045
Company Description
Distributor and online retailer of wood pellets and biomass fuels for residential heating.
Website
http://www.woodpellets.com
Transaction Type
Venture Equity
Transaction Amount
$11,000,000
Transaction Round
Series B
Proceeds Purposes
WoodPellets.com will use the capital to continue its rapid business expansion through a series of strategic initiatives.
M&A Terms
Venture Investor
Monitor Clipper Partners, Inc.
Venture Investor
.406 Ventures