Algal Scientific Lands $1,250,000 New Financing Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cae104c6-a9d2-46e3-b8a3-c0a6d55b0d05&Preview=1 - Date
1/20/2013 - Company Name
Algal Scientific - Mailing Address
46701 Commerce Center Drive Plymouth, MI 48170 - Company Description
Algal Scientific’s proprietary technology provides advanced treatment for municipal and industrial wastewater, while producing high amounts of algal biomass that can be used for biofuels. We design, build, and sell treatment systems incorporating factory assembled modules, then operate them for fees based on pollutant reduction. We are focused on producing clean water first, with biofuels as byproducts - Website
http://www.algalscientific.com - Transaction Type
Debt - Transaction Amount
$1,250,000 - Transaction Round
Undisclosed - Proceeds Purposes
Proceeds purposes were not disclosed. Includes conversion of previously issued convertible debt. SEC regulatory filing. - M&A Terms
- Venture Investor
Undisclosed
