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
The Chesapeake Bay Seed Capital Fund Convertable Note
US Department of Energy Grant
TEDCO Convertable Note