Poet
Latest round
- Series D
Last raised
- Dec 1998
Total raised
- $6M
Investors
- 6
About Poet
Poet LLC is a South Dakota-based company specializing in renewable, plant-based bioproducts that cater to the growing demand for sustainable alternatives across various industries. Founded in the US in 1987, Poet LLC focuses on producing renewable, plant-based bioproducts. The company has undergone strategic pivots to enhance its operations.0 mn.POET specializes in the production of renewable, plant-based bioproducts, including environmentally friendly fuels, animal feed ingredients, and biochemicals, all developed through rigorous research and innovation. Their products serve multiple end-use cases, from renewable energy to livestock feed, ultimately aiming to reduce reliance on fossil fuels and enhance agricultural practices. POET caters to a diverse client base that includes agricultural producers, food manufacturers, and energy companies, targeting markets across North America and expanding into global arenas.20 and had an EBITDA of USD 842,118. Their revenue model is based on direct sales to various industries, primarily operating on a B2B structure. Transactions typically occur through contracts with agricultural entities, food processors, and energy firms, establishing a consistent flow of business.Poet Software is focused on expanding its product lines and geographical reach. The company plans to introduce new biofuel products by 2024 and aims to penetrate the European market more aggressively by the end of 2025.9 mn from KfW Banking Group will be utilized to support product development and market expansion initiatives.
Who invested in Poet
6 investors across 1 round
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Funding rounds
Series D
Dec 1, 1998
Amount
$6M
Investors
Questions about Poet
Who invested in Poet?
Poet has 6 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Poet raised?
Poet has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Poet last raise money?
Poet's most recent round on record is a Series D, in Dec 1998.
What does Poet do?
Poet LLC is a South Dakota-based company specializing in renewable, plant-based bioproducts that cater to the growing demand for sustainable alternatives across various industries.
Where is Poet headquartered?
Poet is headquartered in Sioux Falls, US.
Which VCs invest in companies like Poet?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back renewable energy companies at Poet's stage. Their profiles are linked below.
VCs backing renewable energy startups at Series D
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