Tech Company Financing Transactions
GreenFuel Technologies Funding Round
Polaris Partners and Threshold Ventures participated in a $13.9 million Series B venture round for GreenFuel Technologies. The financing round closed on 5/15/2008.
Transaction Overview
Company Name
Announced On
5/15/2008
Transaction Type
Venture Equity
Amount
$13,900,000
Round
Series B
Investors
Polaris Partners (Lead Investor) (Robert Metcalfe)
Threshold Ventures (Lead Investor) (Jennifer Fonstad)
Proceeds Purpose
This extension retires $6.3M of debt and adds $7.6M of new capital to fuel growth for implementation of algae farming projects, one of which, still unannounced, began in January.
Company Information
Company Status
Out of Business
Industry
Alternative Energy
Mailing Address
29 Smith Place
Cambridge, MA 02138
USA
Cambridge, MA 02138
USA
Phone
Website
Email Address
Overview
With more than a dozen pending patents, GreenFuel Technologies is the leading developer of algae bioreactor systems that can convert flue gases into clean, renewable biofuels.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Simon Upfill-Brown
VP - Bus. Development
Cary Bullock
VP - Engineering
Wayne Hopkins
VP - Operations
Holly Flesh
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We record every notable VC transaction. All VC database entries reported here are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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