Carbon solutions company gets $1B in total equity commitments
AMES, IA–Summit Carbon Solutions has completed an equity fundraising campaign for its carbon capture and storage project. The campaign resulted in more than $1 billion in total equity commitments, according to the company. Summit is proposing a 2,000-mile pipeline to connect ethanol plants in Minnesota, Iowa, Nebraska, South Dakota and North Dakota.
Vestaron raises $82M
DURHAM, NC–AgTech Vestaron is gaining market traction with its biopesticide, which has found its way onto more farm fields in the past two years. Now the company is showing that it is gaining more traction with investors. Vestaron has raised $82 million in financing to support commercialization of its current product lineup and fuel the R&D of new products.
$3M crypto fund launched in Research Triangle
RALEIGH, NC–A new $3 million crypto fund is being launched in North Carolina’s Research Triangle — and it’s targeting crypto, blockchain, and other technologies some think will power the next phase of the internet. Layer 1 Ventures focuses on startups in the “Web3.” The company’s founder, Ryan Bethencourt, is a North Carolina transplant who appeared on Shark Tank with his first company called Wild Earth, a vegan dog food company.
Resultant makes another acquisition
INDIANAPOLIS, IN–Technology consulting and analytics firm Resultant is doing its own version of the great westward expansion. The firm has completed its fourth—and largest—acquisition of the last three years by buying Texas-based data and analytics firm Teknion Data Solutions.