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BrightSource Energy Bags Venture Debt

Friday, April 22, 2016 5:01:00 AM PDT | VentureDeal



Oakland, California  --  Alternative energy technology company BrightSource Energy has secured $3.9 million in new venture capital debt financing, according to an SEC regulatory filing.

BrightSource develops and deploys "solar thermal technology to produce high-value electricity and steam for markets worldwide."

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

A total of nine investors participated the offering.

The company is still seeking $1.56 million in additional debt investment, according to the filing.

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