CoalTek Receives $1,000,000 New Funding Round

  • Feed Type
  • Date
    4/17/2013
  • Company Name
    CoalTek
  • Mailing Address
    119 Drum Hill Rd Chelmsford, MA 01824
  • Company Description
    CoalTek’s goal is to provide a clean, cost-effective, alternative fuel that addresses today’s power demands and increasing environmental challenges. Our proprietary technology uses electromagnetic energy to reduce the moisture, ash, sulfur and mercury in coal and to make it burn more efficiently and cleanly.
  • Website
    http://www.coaltek.com
  • Transaction Type
    Debt
  • Transaction Amount
    $1,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed. SEC regulatory filing.
  • M&A Terms
  • Venture Investor
    Undisclosed