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Manta Biofuel
company
About
Manta Biofuel produces cost-effective renewable fuel oil from algae.
- 1 - 10
Details
- Last Funding Type
- Grant
- Last Funding Money Raised
- $1M
- Industries
- Agriculture,Energy,Oil and Gas,Renewable Energy
- Founded date
- Jan 1, 2014
- Number Of Employee
- 1 - 10
- Operating Status
- Active
Manta Biofuel produces cost-effective renewable fuel oil from algae. Manta has developed and patented a distributed magnetic harvesting system with the goal of decarbonizing our economy. They are currently targeting the $10B heating oil market, with the long-term goal of transitioning the international shipping market to carbon neutral liquid fuels.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
6
$2.65M
Manta Biofuel has raised a total of
$2.65M
in funding over 2 rounds. Their latest funding was raised on
Sep 12, 2018 from a Convertable Note round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Sep 12, 2018 | Convertable Note | $250K | 1 | — | — | Detail |
| Aug 1, 2018 | Grant | $1M | 1 | — | — | Detail |
| Aug 1, 2016 | Grant | $1M | 1 | — | — | Detail |
| May 20, 2016 | Convertable Note | $100K | 1 | — | — | Detail |
| Aug 1, 2015 | Grant | $150K | 1 | — | — | Detail |
Investors
Number of Lead Investors
Number of Investors
—
3
Manta Biofuel is funded by 3 investors.
The Chesapeake Bay Seed Capital Fund
and US Department of Energy
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
|
— | Convertable Note |
US Department of Energy
|
— | Grant |
TEDCO
|
— | Convertable Note |
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