Cool Planet raises new financing

What does Cool Planet do?

Cool Planet, is a renewable energy and ag technology company which is developing sustainable products for addressing 3 of the largest markets in the world- energy, food and water.  The company is currently commercializing a technology for creating green fuels to change the world for good. Its green fuels are identical to the fossil fuels chemically and can be blended into the current fuel supply for reducing the greenhouse gases from the air without reducing the performance or hiking prices at the pump.

How much Cool Planet was funded?

Cool Planet raised an undisclosed amount in an Undisclosed round on September 9, 2015 from North Bridge Venture Partners & Growth Equity and Yung’s Enterprise

Previous funding

• $3.5M in Series A funding on November 25, 2009
• $17.8Min Series B funding on February 18, 2011 from AE Ventures, Google Ventures, GE Energy Financial Services, Shea Ventures Partner: Jason Schoettler, North Bridge Venture Partners & Growth Equity Partner: Basil Horangic
• $25.5Min Series C funding on December 30, 2011 from Shea Ventures (Lead) Partner: Jason Schoettler, GE Energy Financial Services, BP Technology Ventures, North Bridge Venture Partners & Growth Equity Partner: Basil Horangic and Google Ventures
• Undisclosed amountin Series D on June 7, 2013 from ConocoPhillips, Google Ventures, General Electric (GE)
• Undisclosed amountin Series D on September 17, 2013 from Energy Technology Ventures, North Bridge Venture Partners & Growth Equity, Google Ventures and Shea Ventures
• $100M in Series D funding on March 31, 2014 from Goldman Sachs (Lead) Partner: Basil Horangic and UBS (Lead)

What is next for Cool Planet?

The latest funding will be used for further advancing the company’s  bio-carbon technology and provide growth capital for broadly developing the market as the company continues to pursue plans in parallel for deploying its carbon negative fuel technology.

More about Cool Planet
Cool Planet was founded in 2009 by Mike Cheiky. It has its headquarters in Colorado. The company’s technology allows them to build small, significantly less expensive facilities closer to biomass feedstock, so that they can expand rapidly, getting lower scale up risk and constantly innovate and improve with every distributed facility.