Fulcrum BioEnergy Gets $30 Million for Waste-to-Fuel Technology

Aug 14, 2014 1:52 pm ET

Aug. 14 (Bloomberg) -- Fulcrum BioEnergy Inc., a closely held company that converts waste into fuel, received more than $30.2 million in its latest funding round.

Two investors contributed to Fulcrum’s mixed offering of debt and equity, according to a filing with the U.S. Securities and Exchange Commission. Rick Barraza, a company spokesman, declined to provide additional information when reached today by phone.

The Pleasanton, California-based company said last week that it had received a strategic equity investment from Cathay Pacific Airways Ltd., Asia’s largest international carrier by passengers, to produce jet fuel from municipal solid waste.