Tech Company Financing Transactions
WasteFuel Funding Round
BP Ventures, i(x) Net Zero and private investors joined a $10 million Series B funding round for WasteFuel. The round was announced on 7/6/2023.
Transaction Overview
Company Name
Announced On
7/6/2023
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series B
Investors
Proceeds Purpose
WasteFuel, based in Pacific Palisades, Calif., plans to make methanol by capturing gas from landfills and farms. As the industry shifts from heavily polluting fuel, shipping companies like Maersk are buying every drop of methanol they can find .
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
15260 Palisades Village Lane 204
Pacific Palisades, CA 90272
USA
Pacific Palisades, CA 90272
USA
Phone
Undisclosed
Website
Email Address
Overview
WasteFuel produces sustainable fuels using proven technologies to address the climate emergency and revolutionize mobility. A meaningful part of mobility can be powered by waste. Founded by Trevor Neilson and Alejandro Estrada and launched by energy transition investment company i(x) Net Zero PLC (AIM: IX.), WasteFuel utilizes proven, scalable technologies to convert municipal and agricultural waste into low-carbon fuels including green methanol. We have developed innovative technology pathways to meaningfully improve yields and further reduce emissions.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Trevor Neilson
Chief Marketing Officer
Abby Pick
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We report on every notable VC transaction. VC investment data records reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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