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

  • Feed Type
  • Date
    1/17/2014
  • 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, Venture Equity
  • Transaction Amount
    $1,250,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Includes conversion of previously issued convertible debt. SEC regulatory filing. Contact technology company for investment details, if applicable. Not an offer or solicitation for sale of securities.
  • M&A Terms
  • Venture Investor
    Undisclosed

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