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Sundrop Fuels

Sundrop Fuels
PRIVATE STATUS
51-200 EMPLOYEES
Later Stage VC LATEST DEAL TYPE
$33.8M LATEST DEAL AMOUNT
$33.8M TOTAL AMOUNT RAISED
1 INVESTORS
Description

Developer of renewable energy technology services intended to offer sustainable energy for the industrial processes. The company's renewable energy technology services offers solar reduction of carbon dioxide technology, which produces electricity, as well as fuels, such as methanol or desalinated water, enabling industries to use affordable and clean renewable energy.

Formerly Known As
Solarec
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Alternative Energy Equipment
Other Industries
Energy Production
Primary Office
2410 Trade Centre Avenue
Suite A
Longmont, CO 80503
United States

+1 (720) 890-6501
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Sundrop Fuels Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Later Stage VC 30-Jun-2012 $33.8M $33.8M Completed Startup
5. Buyout/LBO 11-Jul-2011 00000 000.00 00000 Completed Startup
4. Later Stage VC (Series C) 01-Jan-2011 0000 000.00 00000 Completed Startup
3. Early Stage VC (Series B) 01-May-2010 000.00 000.00 000.00 Completed Startup
2. Early Stage VC (Series A) 10-Mar-2008 $21.3M $22.3M $37.4M Completed Startup
1. Early Stage VC (Series A1) 26-Sep-2007 $1M $1M $2.15M Completed Startup
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Sundrop Fuels Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate ($) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned
Series C 00,000,000 00.000000 00.0 00.00 00.00 00 00.00 00.000
Series B 00,000,000 00.000000 00 00.00 00.00 00 00.00 00.000
Series A 1,656,555 $0.001000 $0.05 $0.64 $0.64 1x $0.64 4.06%
Series A1 545,547 $0.001000 $0.01 $0.09 $0.09 1x $0.09 1.34%
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Sundrop Fuels Investors (1)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Chesapeake NG Ventures Corporate Venture Capital Majority 000 0000 000000 0

Sundrop Fuels Executive Team (6)

Name Title Board
Seat
Contact
Info
Wayne Simmons Ph.D Chief Executive Officer, President & Board Member
Renus Kelfkens Senior Vice President, Engineering
Keith Gockenbach Senior Vice President, Operations
Doug Jack Senior Vice President, Technology Development
Jay Corn Chief Financial Officer & Senior Vice President
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Sundrop Fuels Board Members (6)

Name Representing Role Since Contact
Info
Bryan Lemmerman Chesapeake Energy Board Member 000 0000
Chuck Enze Self Board Member 000 0000

4 Former Board Members

You’re viewing 2 of 6 board members. Get the full list »