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Harvest Power Adds $1.3M

2011-09-02
Current investors include Kleiner Perkins Caufield and Byers, Generation Investment Management, Munich Venture Partners and Waste Management.
WALTHAM, MA, Harvest Power, a developer of technology for recycling waste materials into soils, fertilizers, energy, and engineered fuels, has raised $1.3 million in venture capital.

There were two undisclosed participants in this most recent capital raise. Harvest Power's largest investors include Kleiner Perkins Caufield & Byers, Generation Investment Management, Munich Venture Partners and Waste Management.

Harvest is transforming the organic waste industry by harnessing the full energy, carbon and nutrient value from discarded organic materials. The company manages organic waste using an advanced technology platform that produces renewable energy, in the form of electricity and natural gas, and high value soil and organic fertilizer products. The company has facilities in British Columbia, Ontario, Pennsylvania and California and is led by a management team with deep experience in composting, renewable energy, engineering and finance. Harvest has grown rapidly since its founding in 2008, and its trajectory indicates that it will remain one of the fastest growing companies in clean technology. The company was named to the Cleantech 100 (Top Global Cleantech companies), designated "Emerging Company of the Year" by the New England Clean Energy Council, and received an SBANE 2011 New England Innovation Award.
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