Cool Planet Energy Systems Receives $19,400,000 Series D Financing

  • Feed Type
  • Date
    9/17/2013
  • Company Name
    Cool Planet Energy Systems
  • Mailing Address
    460 Calle San Pablo Camarillo, CA 93012
  • Company Description
    Cool Planet has developed a patented process that converts non-food biomass into gasoline through mechanical and chemical processes. Our process, known as the carbon negative fuel cycle creates drop-in gasoline and can be used in any vehicle on the road today.
  • Website
    http://www.coolplanet.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $19,400,000
  • Transaction Round
    Series D
  • Proceeds Purposes
    Cool Planet will use a portion of the equity raise to finalize engineering design for the company’s first commercial facility. This work will be supported by leading international engineering firm, URS Corporation, as the company recently announced. The funding will also provide capital to construct Cool Planet’s first commercial plant, which will be located at the Port of Alexandria, Louisiana.
  • M&A Terms
  • Venture Investor
    North Bridge Venture Partners
  • Venture Investor
    Shea Ventures
  • Venture Investor
    BP Ventures
  • Venture Investor
    Google Ventures
  • Venture Investor
    Energy Technology Ventures
  • Venture Investor
    Undisclosed

By posting a comment, you agree to our terms and conditions.