Waltham, Mass. – Harvest Power, a developer of technology for recycling waste materials into soils, fertilizers, energy, and engineered fuels, has raised $1.3 million in venture capital, according to a new filing by the company with the Securities and Exchange Commission.
Founded in 2008, Harvest Power has developed technology that re-uses organic waste from landfills. The company currently diverts over 425,000 tons of organic material from landfills, in conjunction with its retail and municipal partners in the U.S. and Canada.
Harvest Power currently employs about 150 people. The company owns and operates one of the largest permitted food waste and yard waste composting facilities in North America, Fraser Richmond Soil & Fibre, located near Vancouver, Canada, as well as four other key facilities.
The firm’s largest investors include Kleiner Perkins Caufield & Byers, Generation Investment Management, Munich Venture Partners and Waste Management.