Harvest Power nets $20 mln

Harvest Power has closed $20 million in funding.True North Venture Partners, Industry Venturesand Generation Investment Management were the lead investors. In addition to the funding, Michael Ahearn has been appointed the new chairman of Harvest Power’s board of directors. Harvest Power is a developer of renewable energy and fertilizer products from organic waste.

WALTHAM, Mass.–(BUSINESS WIRE)–Harvest Power Inc., a leader in turning organic waste into clean energy and natural soils, fertilizers and mulches, today announced a $20 million financing round. The lead investors were True North Venture Partners (Chicago, IL), Industry Ventures (San Francisco, CA), and Generation Investment Management (London, UK). This financing will allow Harvest to accelerate development of new opportunities in the clean energy space with its anaerobic digestion technologies, as well as provide growth capital for both its bulk and consumer organics businesses.

“I am pleased that Harvest Power has such strong support from our investors,” says Kathleen Ligocki, Harvest’s CEO. “Harvest’s growth over the last few years has been impressive, positioning the company at the forefront of an organics revolution. Food and organic waste diversion is an incredibly hot topic for many communities, as is producing renewable natural gas from anaerobic digestion. This injection of capital, combined with our outstanding team, unique competencies, and superior products, will catalyze the next level of growth for our company.”

Industry Ventures

Read the release here.