New Energy World Network: Connecting Investors, Innovators & Deal-Makers worldwide
New Energy World Network: Connecting Investors, Innovators & Deal-Makers worldwide
US venture capital firms Burrill & Company and Khosla Ventures have invested in biomass technology company HCL CleanTech, a US company and its Israeli subsidiary founded by Professors Avram Baniel, Professor Ari Eyal and Eran Baniel. Burrill & Company and Khosla Ventures were joined in this Series A round of financing by Zohar Gilon, the lead seed investor, alongside company founders. The proceeds will serve to continue R&D in Israel and build a pilot plant in the US to be completed in 2010.
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Tags: biofuel, biomass, cleantech, venture capital
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