Harvest Power, a company that converts organic waste to energy and fertilizer, has secured $110 million in Series C financing.
The round was led by True North Venture Partners with American Refining and Biochemical, Inc. participating alongside existing investors including Kleiner Perkins Caufield & Byers (KPCB), DAG Ventures, and Generation Investment Management. As part of the financing deal, True North Venture Partners will claim a seat on the Harvest Power board.
Industry giant, Waste Management, an investor in previous rounds was not listed in the press release.
Harvest Power's release states that the funds will be used to expand capabilities. The company previously disclosed plans to build two anaerobic digestion power facilities in Canada.
