Blume Distillation Obtains $1,000,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=50777c66-8c02-416c-b8e2-8bf3c742e920
Date
2/16/2015
Company Name
Blume Distillation
Mailing Address
Undisclosed Santa Cruz, CA 95060 USA
Company Description
Blume Distillation LLC is a biofuel technology company providing next generation alcohol fuel production equipment that converts waste or surplus materials into cost-effective alcohol fuel (bio-ethanol) to power applications such as transportation, cooking, refrigeration, and electrical generation.
Website
http://www.blumedistillation.com
Transaction Type
Venture Equity
Transaction Amount
$1,000,000
Transaction Round
Series B
Proceeds Purposes
The company intends to use the funds to accelerate IP filings and licensing as well as design, development and commercial roll-out of its biorefinery systems.
M&A Terms
Venture Investor
Venture Investor