Tech Company Financing Transactions
Joule Funding Round
Flagship Pioneering and private investors joined a $40 million funding round for Joule. The round was announced on 5/11/2015.
Transaction Overview
Company Name
Announced On
5/11/2015
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Undisclosed
Investors
Flagship Pioneering (Lead Investor) (Noubar Afeyan)
Proceeds Purpose
The proceeds will be applied towards a staged industrialization of its patented, reverse-combustion process, including the near-term expansion of Joule's production field in Hobbs, New Mexico. This will lead to the longer-term build-out of a 1,000-acre plant to begin in 2017.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
18 Crosby Dr.
Bedford, MA 01730
USA
Bedford, MA 01730
USA
Phone
Website
Email Address
Overview
Joule is pioneering the production of Liquid Fuel from the Sun, surpassing today's barriers to abundant, sustainable, cost-competitive supply.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Brian Baynes
Chief Financial Officer
Peter Matrai
VP - Engineering
David St. Angelo
VP - Human Resources
Paula Cloghessy
VP - Product Management
John Ward
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