Joule Unlimited Garners $70,000,000 Series C Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=aef6bbfc-aa1d-4ab5-877f-d7257a41e6fa&Preview=1
Date
1/17/2012
Company Name
Joule Unlimited
Mailing Address
83 Rogers St. Cambridge, MA 02142
Company Description
Joule is pioneering the production of Liquid Fuel from the Sun, surpassing today’s barriers to abundant, sustainable, cost-competitive supply.
Website
http://www.jouleunlimited.com
Transaction Type
Venture Equity
Transaction Amount
$70,000,000
Transaction Round
Series C
Proceeds Purposes
The proceeds will be applied towards the build-out and operation of a Joule facility located in Hobbs, New Mexico and slated for commissioning in the summer of 2012.
M&A Terms
Venture Investor
Flagship Ventures
Venture Investor
Undisclosed