Algal Scientific Lands $1,250,000 New Financing Round

  • Feed Type
  • Date
    1/20/2013
  • Company Name
    Algal Scientific
  • Mailing Address
    46701 Commerce Center Drive Plymouth, MI 48170
  • Company Description
    Algal Scientific’s proprietary technology provides advanced treatment for municipal and industrial wastewater, while producing high amounts of algal biomass that can be used for biofuels. We design, build, and sell treatment systems incorporating factory assembled modules, then operate them for fees based on pollutant reduction. We are focused on producing clean water first, with biofuels as byproducts
  • Website
    http://www.algalscientific.com
  • Transaction Type
    Debt
  • Transaction Amount
    $1,250,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed. Includes conversion of previously issued convertible debt. SEC regulatory filing.
  • M&A Terms
  • Venture Investor
    Undisclosed

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