Venture capital firm North Bridge Venture Partners led the $8m round in CoolPlanetBioFuels as a repeat investor with GE Energy Financial Services also participating.
US-listed conglomerate General Electric has joined a consortium investing $8m in CoolPlanetBioFuels, a renewable energy company.
Venture capital firm North Bridge Venture Partners led the round as a repeat investor with GE Energy Financial Services also participating.
Mike Cheiky, CoolPlanet’s president and chief technology officer, said: "GE’s technical and market resources could accelerate our development well beyond the impact of the company’s financial investment."
Kevin Skillern, managing director of venture capital at GE Energy Financial Services, said: "CoolPlanet’s…
