InPipe Energy, the Portland micro-hydropower startup, says it raised $6.5 million in the Series A funding round it announced last week.
The amount wasn't disclosed at the time, but InPipe followed up with the information on Wednesday.
As reported earlier, the backing comes from FullCycle Climate Partners, a fund founded by Los Angeles-based investor Ibrahim AlHusseini.
Gregg Semler founded InPipe, and leads the company. He ran Lucid Energy when it installed an energy-generating system in a Portland Water Bureau pipeline in 2015. InPipe's system is a variation on that basic idea — the turbine goes in a bypass to the existing pipeline, instead of in the pipeline itself.
InPipe has gained momentum in the slow-to-change water management world with two projects completed in the past 10 months. Semler and FullCycle say the rising focus on infrastructure investments that offer climate benefits could bode well for its future.
