Envirogen Inc. last week completed a $7 million equityfinancing round. Investors were primarily private individuals,plus some institutions, according to Roger J. Colley, presidentand chief executive of the bioremediation company. D. Blech &Co. Inc. acted as sales agent.
The Lawrenceville, N.J., company originally had hoped to raiseabout $4 million.
Envirogen raised $700,000 in seed financing from investorRobert Johnston in late 1988 and $3 million in a first roundfrom Schroeder Ventures, Allen & Co. and David Blech in April1990.
The company has programs in hydrocarbon wastes, air toxics,industrial wastewater contaminants, PCBs and TCE, and otherchlorinated solvents.
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