Cool Planet Energy Systems, an alternative energy and technology company, will invest that money into CoolTerra, an agricultural product aimed at boosting plant yields.

It’s a byproduct of a fuel production process that Wes Bolsen, business development head at Cool Planet, said is tougher to sell with crude oil prices plummeting.

Cool Planet already sells CoolTerra to strawberry farmers and plant nurseries.

Cool Planet also is developing a product to mix into livestock feed and expanding into more retail locations.

Bolsen estimates Cool Planet has received between $130 million and $150 million since its founding in 2009, including funds from BP and Google Ventures.

Cool Planet soon will launch a larger equity raise courting agricultural companies as strategic investors, Bolsen said.

Cool Planet started manufacturing CoolTerra in California to be near the vineyards and strawberry farmers that were its first customers.