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Exclusive: Bloom Energy raises $130 million

May 10, 2013: 2:54 PM ET

bloom_energyBloom Energy passes $1.1 billion in VC funding.

FORTUNE -- Fuel cell maker Bloom Energy has raised $130 million in new venture capital funding, Fortune has learned from multiple sources.

An unidentified new investor provided the first $100 million, while Credit Suisse (CS) provided the remaining $30 million. Existing investors did not participate in the round, which was structured as an extension to the company's Series G round that originally closed on $150 million in 2011 at a $2.7 billion pre-money valuation.

Bloom now has raised more than $1.1 billion in venture capital funding, including past investments from Kleiner Perkins Caufield & Byers, New Enterprise Associates, Advanced Equities, DAG Ventures and Goldman Sachs (GS).

Fortune previously reported that Bloom's retained earnings through Q3 2012 stood at negative $873 million, and that it only had $113 million left in the bank. At the same time, however, Bloom CFO Bill Kurtz said that the company had become gross margin positive (on a pro forma basis),was "operating with a fully funded business plan" and was "on track with our goal to be profitable in 2013."

Earlier this year Bloom was fined by the U.S. Department of Labor for paying a group of Mexican nationals -- who were working at the company's Silicon Valley headquarters via work visas -- less than minimum wage.

Fortune has reached out to Kurtz and a Bloom spokesperson  for comment, and will update this post if it responds.

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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