Cool Planet Raises $9M Financing

coolplanetCool Planet, a Greenwood Village, Colo.-based provider of technology that produces engineered biocarbon and renewable, carbon negative fuel from biomass, held the $9m first close of a new financing round.

The round – which remains open for other existing and new financial and strategic agricultural investors – was co-led by North Bridge Venture Partners and Agustín Coppel, who will now have a representative on the Cool Planet board of directors.

The company intends to use the funds to commercialize its Cool Terra® Engineered Biocarbon™ business.

Founded in 2009 and led by Jim Loar, president & CEO, Cool Planet is now focusing on commercializing its proprietary Cool Terra® engineered biocarbon platform, which aims to improve soil health while sequestering carbon, increasing water and nutritional efficiency, and delivering microbials, biologicals, and nutritionals to agriculture, landscape, turf, nursery and ornamental markets.



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