Wednesday, July 1, 2009

Prometheus Energy Gets $10M

Prometheus Energy, a developer of technology to convert emissions from landfills into liquid natural gas, has raised $10M out of a $20M equity fundraise, according to a regulatory filing by the firm earlier this week. According to the filing, the funding includes investments from Kenda Capital, the investment firm of Shell Technology Ventures Fund. As part of the filing, the company disclosed that the remaining $10M in the funding round will be issued upon achieving certain milestones in the next nine months.