Tech Company Financing Transactions
Proterro Funding Round
Braemar Energy Ventures, Battelle Ventures and Cultivian Sandbox invested in a $3.5 million capital raise for Proterro. The round closed on 12/19/2012.
Transaction Overview
Company Name
Announced On
12/19/2012
Transaction Type
Venture Equity
Amount
$3,500,000
Round
Undisclosed
Investors
Braemar Energy Ventures (Lead Investor) (William Lese)
Proceeds Purpose
This capital infusion will support our continued work on optimizing the genetic engineering of the microorganism and adding to our patent portfolio," said Proterro CEO Kef Kasdin. "The funds also will enable us to accelerate the path to business partnerships, through piloting a full-scale photobioreactor and completing designs for our demonstration-scale facility.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
141 Parkway Rd. 13B
Bronxville, NY 10708
USA
Bronxville, NY 10708
USA
Phone
Website
Email Address
Overview
Proterro is the only company that makes sucrose instead of extracting it, lowering the cost of sugar for the economical and scalable production of biofuels and biobased chemicals.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kef Kasdin
Chief Technical Officer
John Aikens
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