Monday, July 30, 2018

Cool Planet Collects $20M More For Biochar Technology

Cool Planet, which is developing agricultural technology centered around "biochar", which is used to boost the fertility of soil while also sequestering carbon, has raised $20.3M in a new investment round. The company, which has an office in Camarillo, said the funding was led by Agustín Coppel and North Bridge Venture Partners, its two largest existing investors. Cool Planet said the new investment is an extension of its previously announced Series A funding. Cool Planet, which has its headquarters in Greenwood Village, Colorado, is led by President and CEO Jim Loar. The company was founded in Camarillo in 2010, but went through a complete corporate reboot in November of 2015 when Agustin Coppel and North Bridge Venture Partners recapitalized the company from earlier investors. More information »