Nexterra Energy Raises $3.8 Million From ARC Financial

Luke Timmerman8/28/08

Nexterra Energy, a Vancouver, BC-based company that enables industrial customers to generate heat and power from waste fuels, said it has raised $3.8 million Canadian in a fourth-round equity financing. The financing was led by ARC Financial of Calgary, Alberta, the largest energy investment firm in Canada. ARC has invested more than $20 million Canadian in Nexterra.

Luke Timmerman is the National Biotech Editor of Xconomy, and the Editor of Xconomy Seattle. E-mail him at ltimmerman@xconomy.com or follow him on Twitter at twitter.com/ldtimmerman.