Novinda Receives $6,000,000 Series C Financing Round

  • Feed Type
  • Date
    2/14/2012
  • Company Name
    Novinda
  • Mailing Address
    2000 S. Colorado Blvd. Denver, CO 80222
  • Company Description
    Novinda is in the latter stages of commercializing a patent-protected, non-carbon, non-flammable sorbent material for mercury emission control in coal-fired utility boilers. As a non-carbon sorbent, we believe that the Amended Silicates product has significant financial and environmental advantages over carbon-based sorbents, resulting in immediate market demand.
  • Website
    http://www.novinda.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $6,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    This funding will help accelerate our ability to deliver this unique non-carbon reagent and assist coal-fired utilities in economically complying with state and federal regulations for mercury emission control.
  • M&A Terms
  • Venture Investor
    New Venture Partners
  • Venture Investor
    Altira Group

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