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Bloom Energy raises another $130 mln

January 21, 2015 • DEALS

Bloom Energy has set out to raise another $160 million in a convertible note financing, according to The Wall Street Journal.

The fuel cell maker had sold $130 million of the notes by Dec. 19, the WSJ reported. The news was included in a Spruce Investment Advisors e-mail to clients. The notes are to convert into preferred shares from Bloom’s Series G round in the event of an IPO, the paper reported.

Bloom has raised more than $1 billion in capital from investors including Kleiner Perkins Caufield & Byers, New Enterprise Associates and GSV Capital

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