Investors Show Their Love for Harvest Power
April 12, 2012
Big news here at Harvest: We just announced a $110 million Series C financing round! We’d like to extend a warm welcome to the newest members of our team: They are a great addition to our roster of leading investors. True North Venture Partners led the investment with American Refining and Biochemical, Inc. Existing investors, including Kleiner Perkins Caufield & Byers (KPCB), DAG Ventures and Generation Investment Management among others, also participated in the financing round which was one of the biggest in renewable energy history.
Here is what our CEO, Paul Sellew, had to say about the news:
“The significant investor interest Harvest has received is the result of our dynamic partnerships, innovative approaches, and proven ability to build the first nationwide organics management company. By integrating organics recycling, renewable energy and the production of soils, mulches and natural fertilizers, Harvest has shown that we are a leader in a new kind of cleantech – one that lowers costs. We are proud to partner with True North and other investors that want to be part of this disruptive model.”
Is this a big deal? The Wall Street Journal thinks so. Check it out!
At Harvest, we work with communities and partners to define a new path for organic materials. The demand for our sustainable, economical organics management solutions continues to grow. We sold millions of bags of organic soils and mulches at retail last year, and we will open the two largest commercial anaerobic digestion facilities – Energy Gardens – in North America later in 2012. Stay tuned to Harvest’s blog, Facebook page and Twitter feed for up-to-date information.