Foley Hoag counseled Greentown Labs, the largest ClimateTech incubator in North America, in closing over $4 million in strategic funding for its next stage of growth across its ecosystems in Somerville, Massachusetts and Houston, Texas. The funding was provided by a joint partnership between a diverse group of Houston and Massachusetts investors and entities and will bolster the incubator's financial position while helping its leadership team continue to support climate and energy transition entrepreneurs.
This closing exemplifies Foley Hoag's continued partnership with Greentown Labs as a long-time Terawatt partner, building on more than a decade of collaboration to benefit the ClimateTech ecosystem in Massachusetts, Texas, and across the United States. Foley Hoag was a founding partner of Greentown's headquarters in Somerville, Massachusetts and Foley Hoag partner Sara Mattern serves on the Greentown Industry Leadership Council.
Greentown Labs
announced the closing on December 18, 2024. Attorneys Sara Mattern, Kyle Adams, and Amanda Gialil advised Greentown Labs on the transaction.
