POET is a prominent player in the energy and renewable energy sectors, with a legacy spanning almost four decades. The company's commitment to promoting sustainability and health through sustainable, plant-based biofuels and bioproducts is evident from its extensive network of 34 plants across eight states in the United States. This impressive infrastructure allows POET to annually produce over 3 billion gallons of biofuels, significantly reducing the reliance on imported oil while contributing billions of dollars to the American economy. A key differentiator for POET is its emphasis on efficiency and technological innovation, resulting in the production of biofuels at unparalleled efficiency levels. The company's turnkey development, design, engineering, construction, management, and marketing services for its plant network have positioned its facilities as the most successful and profitable in the industry. Notably, POET has harnessed the potential of collaboration with leaders in clean technology, biochemistry, and animal nutrition to refine its technologies, extracting maximum value from a bushel of corn. Furthermore, POET's commitment to sustainable practices extends to the development of the leading brand of premium dried distillers grains with solubles on the market, Dakota Gold®. As an established company founded in 1983, POET garnered a significant $53.80M Venture Round investment on 11 June 2014. Despite this, it's imperative for investors to assess the potential for further growth and innovation within the rapidly evolving renewable energy landscape.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | $53.80M | - | 11 Jun 2014 | |
Private Equity Round | Unknown | 1 | Norwest Equity Partners (NEP) | 01 Jan 2008 |
Private Equity Round | Unknown | 1 | Norwest Equity Partners (NEP) | 01 Jan 2005 |
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