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.  

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s