Tech Company Financing Transactions
Sterling Biopower Funding Round
On 4/27/2004, Sterling Biopower announced $29.6 million in funding from VantagePoint Capital Partners, Nimes Capital and Nth Power.
Transaction Overview
Company Name
Announced On
4/27/2004
Transaction Type
Venture Equity
Amount
$29,600,000
Round
Undisclosed
Investors
Proceeds Purpose
This funding will be used to complete the commercialization of STM's 55 kW PowerUnits, for which orders are now being taken as production ramps up, with full commercial production taking place in September of this year.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
275 Metty Dr.
Ann Arbor, MI 48103
USA
Ann Arbor, MI 48103
USA
Phone
Website
Email Address
Overview
Sterling Biopower, Inc., is headquartered in Ann Arbor, Michigan. We believe we are the world's leading manufacturer of on-site electrical and cogeneration systems utilizing external combustion (Stirling-cycle) engine technology. Our PowerUnit absorbs heat from a wide range of sources and converts it to electricity.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Thomas Hazlett
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