ARC Energy Raises $5M

Erin Kutz2/12/10

Advanced RenewableEnergy Company, a Nashua, NH maker of equipment for growing and processing the sapphire crystals used in LEDs, has raised $5 million of a $10 million equity round, according to an SEC filing. The filing lists Hemant Taneja, managing director of Cambridge, MA-based General Catalyst Partners, as a director of the stealthy ARC Energy.

Erin Kutz is an Associate Editor for Xconomy. You can reach her by e-mail at ekutz@xconomy.com or by phone at (617) 252-0700, or follow her on Twitter at @erkutz.