Harvest Power raises $20m in new financing

Harvest Power, a North American-based company dedicated to converting organic waste into clean energy, has announced a $20 million (€15.8 million) financing round.

The lead investors were True North Venture Partners, Industry Ventures, and Generation Investment Management. This financing will allow Harvest to accelerate development of new opportunities in the clean energy space with its anaerobic digestion technologies, as well as provide growth capital for both its bulk and consumer organics businesses.

'Food and organic waste diversion is an incredibly hot topic for many communities, as is producing renewable natural gas from anaerobic digestion,' says Kathleen Ligocki, Harvest Power's CEO. 'This injection of capital...will catalyse the next level of growth for our company.'