Harvest Power, a producer of renewable energy and fertilizer products from organic waste, closed a $51.7m Series B financing.
The round was led by Generation Investment Management, with participation from DAG Ventures and Keating Capital and existing investors Kleiner Perkins, Waste Management (NYSE: WM), Munich Venture Partners, and TriplePoint Capital.
The company intends to use the new funds to expand its platform throughout North America and add to its toolkit of technologies and systems for processing organic waste – including food scraps, yard trimmings, scrap wood and other organics – and produce renewable energy, in the form of electricity and natural gas, and high value soil and organic fertilizer products. Founded in 2008 and led by CEO Paul Sellew, Harvest has facilities in British Columbia, Ontario, Pennsylvania and California.
FinSMEs
16/03/2011