Cool Planet Raises $100 Million to Produce Biofuel

Some might scoff when a company says its goal is to "change the world for good," but Cool Planet Energy Systems has the kind of financial backing that forces you to take that goal more seriously

Cool Planet announced Monday that it has closed a $100 million Series D round of financing to ramp up its biofuel production. The funding, which came in stages during the past year, was led by North Bridge Venture Partners and Concord Energy. Existing investors, including Google Ventures and BP, also contributed to the round