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Harvest Power completes $110 million financing round

Waste-to-energy company Harvest Power has completed its Series C round with $110 million to be used for expanding their operations in North America.

New investor True North Venture Partners led the investment with American Refining and Biochemical, Inc. Existing investors Kleiner Perkins Caufield & Byers, Dag Ventures and Generation Investment Management also participated.

Harvest Power specializes in producing renewable energy from organic materials such as food and yard waste via anaerobic digestion. The process also produces high-quality compost that can be used for agriculture. (See other EcoSeed stories relating to Harvest Power here.)

Last year, the company raised $51.7 million in a Series B funding round, also for a North American expansion.

The company currently operates in British Columbia, Ontario, Pennsylvania and California. It expects to complete construction this year on two large anaerobic digestion facilities that they say will be the largest in North America. – EcoSeed Staff

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