Date: September 2, 2011
Source: News Room
Harvest Power (Waltham, MA), a developer of technology for recycling organic waste materials into soils, fertilizer, energy, and engineered fuels, has raised an additional $1.3 million in venture capital, according to a new filing by the company with the Securities and Exchange Commission. While the filing doesn't identify them by name, previous backers include Kleiner Perkins Caufield & Byers, Generation Investment Management, Munich Venture Partners and Waste Management, among others. In May, those investors added $6.3 million to $51.7 million financing raised in March, making the company's Series B round worth $58 million in total. Founded in 2008, Harvest Power is building what it calls North America's first commercial-scale, high solids anaerobic digestion facility, Fraser Richmond Soil & Fibre, located at a site in the Vancouver, BC.
To learn more about Harvest Power, visit: www.harvestpower.com.
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