Sweetwater Energy Raises $7 Million Series B Financing and Announces 15-Year Deal with Pacific Ethanol for $100 Million
Sweetwater Energy, Inc - Rochester, NY
December 18, 2013
Sweetwater Energy completed a Series B financing from undisclosed investors, adding $7 million to its coffers. The additional amount boosts the funding received in the Series A and Series B rounds to $16 million. The funding primarily will be used for the design and fabrication of its first commercial facilities. This round brings its total funding to date to around $17.2 million. Sweetwater Energy also landed its fourth multimillion contract to supply a California firm with industrial sugars for the production of cellulosic ethanol. The 15-year deal is estimated to be worth roughly $100 million.
Sweetwater Energy, Inc
500 Lee Road
Rochester, NY 14606
Last Updated: 08/10/2017