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Venture Capital News: Cowboy Clean Fuels Lands $13 Million Series B

2024-07-22
DENVER, CO, Cowboy Clean Fuels (CCF), an advanced climate tech and energy transition company, announced the closing of approximately $13 million in Series B.
DENVER, CO, Cowboy Clean Fuels (CCF), an advanced climate tech and energy transition company, is pleased to announce the successful closing of approximately $13 million in Series B equity financing.

The Series B financing round was led by Houston-based Machan Investments, the family office of former energy executive Dan Dinges. Cowboy Clean Fuels was advised in the transaction by Syren Capital. Combined with $7.8 million in Energy Matching Funds (EMF) from the Wyoming Energy Authority (WEA), this capital will support the development of CCF's first commercial project in Wyoming, the Triangle Unit Renewable Energy and Carbon Capture and Storage (TRECCS) Project.

This funding will be pivotal in commercializing its groundbreaking technology for the simultaneous production of renewable natural gas (RNG) and permanent sequestration of carbon dioxide, presenting a significant opportunity for investors in the growing renewable energy and carbon markets.
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