US-based biofuel developer, backed by 6 strategic investors, climbs towards $100m series D funding target.
Cool Planet Energy Systems, a US-based biofuel developer backed by the corporate venturing units of General Electric, Google Ventures, BP, ConocoPhilips, NRG and the Constellation Energy division of Exelon, has raised $29.9m of an anticipated $100m series D financing. All existing investors participated in the D round, together with new investors.
The funding will support the commercialization of the company’s first fuel production facility.
Howard Janzen, Cool Planet’s chief executive officer, said: “We continue to lay the foundation to deliver…
