January 25, 2011
These companies: Myriant Technologies, CleanTech Innovations, Monster Offers and Sulfurcell raised over $100 million.
The Quincy based company Myriant Technologies raised $60 million from the petrochemical producer PTT Chemical Public Company. The investment will be used for the development of its technology and also for commercialization of the company’s succinic acid platform, which is expected to be the largest in the world.
Also, the China company CleanTech Innovations, a designer and manufacturer of high performance clean technology products, that promotes energy saving, pollution reduction and generation of renewable energy, has announced that it raised a total of $11 million from HuaNeng Group, the biggest energy company in China. The funding will be used for the supply of two wind towers.
Monster Offers, a publisher and technology company, that was specialized in online comers for end users, is another successful and growing company that raised money. This time, it’s $10 million of equity financing from Auctus Private Equity Fund. The funding will help the company focus on its acquisition, strategies for generating higher revenues and on product development.
And last, but not least, Sulfucell is another successful company that raised $25 million in equity funding from Intel Capital, Climate Change Capita,, Bankinvest and others. Sulfucell, a Germany based company (which is a maker of panels of copper, indium gallium selenide (CIGS) cells as an alternative to the polysilicon that is being used in the majority of solar equipment), will use the investment to get supplementary CIGS equipment.
So, they raised a total of $106 million. Huge amount of money? Sure. Attainable? Definitely! There’s even room for better. Still don’t believe it?
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