Sweetwater Energy, client of RIT clean-energy incubator program, raises $9m in Series A venture financing

Sweetwater Energy, a client of the NYSERDA-sponsored Clean Energy Incubator operated by Rochester Institute of Technology in partnership with our supporting member the Venture Creations incubator, announced it has raised $9 million in Series A venture funding to finance production of industrial sugars from technically challenging cellulosic plant materials. These sugars can be refined into biofuels or used as feedstock for chemicals not based on petroleum.

For more information, please see the company's news release and coverage in BloombergBusinessWeek and the Rochester Business Journal.