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Poet
AddedFeb 15, 2024
UpdatedJun 18, 2026
Poet

Poet

Series D

POET: An American biofuel company innovatively harnessing the eternal bounty of energy.

HQ
Sioux Falls, SD, US
Founded
1986
Overview
Compare
Fundraising
Employees
Website

Founded with a vision to revolutionize the energy sector, POET is an American biofuel company dedicated to creating sustainable and renewable energy solutions. The company's core mission is to harness the natural bounty of the earth to produce biofuels and bioproducts that reduce carbon emissions and promote environmental sustainability. POET offers a range of services including grain purchasing and bioproduct manufacturing, focusing on transforming agricultural outputs into clean energy sources. Their market focus includes both local and global communities aiming for a greener future.

Notable figures affiliated with POET include its founder, Jeff Broin, who has been instrumental in driving the company's innovative approach to biofuel production. Key investors and partnerships have bolstered POET’s growth, enabling significant advancements in biofuel technology. Among its achievements, POET has pledged to achieve carbon neutrality by 2050, demonstrating its commitment to sustainability. The company’s impact is profound, contributing to reduced reliance on fossil fuels and fostering a more sustainable energy landscape.

Poet - Quick Facts

When was Poet founded?

Poet was founded in 1986.

Where is Poet's headquarters located?

Poet's headquarters is located in Sioux Falls, SD, US.

When was Poet's last funding round?

Poet's most recent funding round was for $53.8M (USD) in June 2014.

How much has Poet raised to-date?

As of Jun 11, 2014, Poet has raised a total of $53.8M (USD).

How many employees does Poet have?

Poet has 2,000 employees as of Feb 4, 2024.

Poet - Classification

Technology
  • Cleantech
Geographic Exposure
  • United States
Model
  • Manufacturing
Revenue
  • Recurring
  • Transactional
Customer
  • Enterprise
  • Government
Main Product
  • Biofuel
  • Bioproducts
Tags
  • Agriculture
NAICS
  • 320000Manufacturing
  • 325000Chemical Manufacturing
SIC
  • 2890Miscellaneous Chemical Products
  • 2899Chemicals And Chemical Preparations, Not Elsewhere Classified
  • 2800Chemicals And Allied Products
ISIC
  • 7210Research and experimental development on natural sciences and engineering
Show 36 more industry codes
NAICS
  • 220000Utilities
  • 221000Utilities
  • 459900Other Miscellaneous Retailers
  • 459990All Other Miscellaneous Retailers
  • 459999All Other Miscellaneous Retailers
  • 540000Professional, Scientific, and Technical Services
  • 711500Independent Artists, Writers, and Performers
  • 711510Independent Artists, Writers, and Performers
  • 450000Retail Trade
  • 560000Administrative and Support and Waste Management and Remediation Services
  • 710000Arts, Entertainment, and Recreation
  • 459000Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers
  • 541000Professional, Scientific, and Technical Services
  • 561000Administrative and Support Services
  • 711000Performing Arts, Spectator Sports, and Related Industries
  • 541700Scientific Research and Development Services
  • 561400Business Support Services
  • 541710Research and Development in the Physical, Engineering, and Life Sciences
  • 561490Other Business Support Services
  • 541715Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
  • 561499All Other Business Support Services
SIC
  • 1300Oil And Gas Extraction
  • 1380Oil And Gas Field Services
  • 1382Oil And Gas Field Exploration Services
  • 8900Services, Not Elsewhere Classified
  • 8990Services, Not Elsewhere Classified
  • 8999Services, Not Elsewhere Classified
  • 5900Miscellaneous Retail
  • 7300Business Services
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 5990Retail Stores, Not Elsewhere Classified
  • 7380Miscellaneous Business Services
  • 8730Research, Development, And Testing Services
  • 5999Miscellaneous Retail Stores, Not Elsewhere Classified
  • 7389Business Services, Not Elsewhere Classified
  • 8731Commercial Physical and Biological Research