Today's Date:
Monday, December 01, 2008
Del.icio.us
Email
Funding Roundup: Continued
Page 2 of 2
Funds
- Energy technology firm Altira Group closed its fifth fund at $176 million, according to the Cleantech Investing blog. The fund will focus on traditional and renewable-energy sectors. Altira portfolio companies include Evolutionary Genomics, an agricultural tech company working to increase biofuel feedstocks, and energy-management company GridPoint, which announced in September it had raised $32 million as part of its fourth round of funding.
- London-based Environmental Technologies Fund said it had closed its first fund at £110 million ($221 million). Investors included Swiss Re and The European Investment Fund. The Environmental Technologies Fund said it plans on investing across various cleantech sectors including energy storage, emissions reduction, renewable energy, water and recycling. Currently, the fund has two companies listed in its online portfolio: Metalysis, a company working on producing specialty metals using a lower environmental impact process when compared to traditional methods, and Perpetuum, a company working on vibration energy-harvesting devices.
- Lightspeed Venture Partners is attempting to pull in $675 million for its eighth fund, according to Venture Wire. Portfolio companies include Greentech Media and biofuel developer LS9.