American Inno | By Kieran McQuilkin | August 9, 2019
Bioenergy Development Co. isn’t taking its time. The Columbia, Md.-based energy company has raised $106 million in new equity funding, the company announced Thursday. This appears to be its first institutional investment round. The private equity investment came from Newlight Partners, a fund spun out from the Strategic Investments Group at New York’s Soros Fund Management. It’s the state’s largest funding round so far this year. BDC plans to use the investment to build more North American anaerobic digestion facilities, which transform organic waste into renewable gas and a soil additive using microorganisms.