Friday, March 24, 2017
Cool Planet Reboots, In Colorado, With $19.3M Series A Funding
Cool Planet, the former Camarillo, California startup working on carbon conversion technology, has resurfaced in Colorado with a $19.3M Series A funding. According to Cool Planet, the new funding was led by Agustín Coppel and North Bridge Venture Partners, and will go towards commercalization of its biochar product, Cool Fauna Engineered Biocarbon. Cool Planet, until recently, was focused on biofuels development; the company had raised over $100M in its earlier incarnation and under different management; the company is now led by CEO Jim Loar, who became CEO in September of 2016. The company still lists an office in Camarillo.