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American Biomass

americanbiomass.net

Founded Year

2006

Stage

Series B | Alive

Total Raised

$15M

Last Raised

$11M | 13 yrs ago

About American Biomass

American Biomass Corporation supplies clean energy wood pellets and bricks. The Company distributes hardwood and softwood products through home, bulk, and truck delivery in the United States. American Biomass is affiliated with WoodPellets.com.

Headquarters Location

2 Bedford Farms Drive Suite 204

Bedford, New Hampshire, 03110,

United States

800-246-6277

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Latest American Biomass News

American Biomass Corporation Secures $4 Million in Series A Funding From .406 Ventures

Oct 19, 2016

MANCHESTER, NH--(Marketwire - June 2, 2008) - American Biomass Corporation (ABC), theleading national distributor and online retailer of wood pellets andbiomass fuels for residential heating, today announced it has closed $4million in Series A funding, led by .406 Ventures. ABC was founded in 2006 by Jon Strimling, an MIT-educated operations expertand veteran of the wood pellet fuel industry. Mr. Strimling saw anopportunity to bring logistics best practices to bear on the fragmentedsupply chain to offer low-cost home-delivery of premium, branded woodpellets. ABC's national scope and technology-enabled platform enables themto manage distribution networks across the US. Their network of over 25wood pellets manufactures and 50 carriers allow them to provide consumerswith low-cost premium pellets, delivered right to their doorstep. "Solid biomass heating fuel is a domestically produced, 'here and now'renewable energy source that not only saves consumers money, but eliminatesmore than five million tons of incremental CO2 emissions every year," saidLiam Donohue, Managing Director of .406 Ventures. "Even before the recentrise in oil and gas prices, biomass heating has been experiencingtremendous growth in the US, and if Europe is any indication, we have along way to go. .406 Ventures is excited to be helping American BiomassCorporation to build the infrastructure needed to support this growth. " Solid biomass fuels, predominately wood pellets, are a domesticallyproduced, renewable, carbon-neutral energy source that can heat homes forless than half the cost of traditional fossil fuels. Building on theincreasing popularity of wood pellets, ABC is delivering tens of thousandsof tons of pellets through its two e-commerce sites, www.PelletSales.com , aconsumer retail site, and www.AmericanBiomass.net , a wholesale commercesite. Their patent pending software optimizes the selection, quoting anddistribution of pellets enabling consumers to instantly get quotes and buydirectly from their website. The company is well positioned to dominatethe bulk distribution of biomass heating fuels. Mr. Strimling commented, ".406 Ventures immediately understood the promiseof biomass heating fuels and was able to provide the right amount ofcapital with enough reserves to continue to fund additional infrastructureas we aggressively move into the bulk market," said Mr. Strimling. "Moreimportantly, I teamed with .406 because of their operational orientation,extensive network and entrepreneurial approach, which has already provenvery helpful in accelerating our growth. We are very excited about thispartnership and the prospects for creating an industry leading company. " About .406 Ventures .406 Ventures (".406") is a venture capital firm focused on investing inmarket-innovative growth technology and services companies being built bythe finest entrepreneurs. .406 focuses primarily on early stage, IT andservices companies in sectors where the partners have unique domainexpertise, a successful track record, and established networks -- ITSecurity; Technology-enabled Business Services; Internet & Mobile;Next-Generation Enabling Technologies. More information can be found at www.406ventures.com . About American Biomass Corporation American Biomass Corporation provides convenient access to pellet fuelsusing sophisticated logistics technology and a nationwide network of fuelmanufacturers, appliance retailers and distribution partners. AmericanBiomass Corporation was founded by logistics experts from the wood pelletindustry, and is venture backed by .406 Ventures. For more informationabout American Biomass Corporation, please visit www.pelletsales.com . ©2008 American Biomass Corporation. All rights reserved. Contact Information

American Biomass Frequently Asked Questions (FAQ)

  • When was American Biomass founded?

    American Biomass was founded in 2006.

  • Where is American Biomass's headquarters?

    American Biomass's headquarters is located at 2 Bedford Farms Drive, Bedford.

  • What is American Biomass's latest funding round?

    American Biomass's latest funding round is Series B.

  • How much did American Biomass raise?

    American Biomass raised a total of $15M.

  • Who are the investors of American Biomass?

    Investors of American Biomass include .406 Ventures and Monitor Clipper Partners.

  • Who are American Biomass's competitors?

    Competitors of American Biomass include Lynntech, KiOR, Range Fuels, Renewable Oil International, ZeroPoint Clean Technology and 13 more.

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