BayoTech Closes $12.5M Series B Financing

BayoTech, Inc., an Albuquerque, NM-based developer of advanced chemical reactors for the distributed production of hydrogen and fertilizers, closed a $12.5m Series B round of financing.

Backers included an unnamed player in the global fertilizer marketplace and Series A investors Cottonwood Technology Fund and Sun Mountain Capital.

The company intends to use the funds to expand the infrastructure and complete the commercialization of its technology.

Founded in July 2015 and led by Justin Eisenach, President and CEO, BayoTech provides a platform for the production of hydrogen and nitrogen fertilizer for the agricultural and industrial markets.

FinSMEs

06/04/2018