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Water notes

Rob Day: August 31, 2005, 6:49 PM
For anyone watching the tragic situation on the gulf coast, the critical need for clean drinking water has been made crystal clear. It reminds us that the role of technology in providing, preserving, repairing and securing water supplies is an important one, as many have recognized (example: see the Sensicore funding announced earlier this week).

While this week's events are dramatic and heartbreaking, they are not isolated. Broader global and national trends on water are just as problematic. Here are some other recent water-related headlines:

Methanotech and Turtle Island Recycling

Rob Day: August 30, 2005, 4:15 PM
  • Per Dan Primack's PE Week Wire, "Methanotech Inc., a Pasadena, Calif.-based startup focused on producing methanol via 'biological processes,' has raised $500,000 in Series A-1 convertible preferred funding, according to a regulatory filing." Methanotech doesn't appear to have a website up yet that I could find. Dan writes that Vinod Khosla of Kleiner Perkins participated in the round, and that Kleiner itself may or may not have participated (given the stage and amount, I'm guessing not, but I don't know).
    ...

Sensicore announces $12M Series C

Rob Day: August 29, 2005, 12:17 PM
In water technology news, Sensicore has announced the close of a $12M Series C round. Sensicore has water sensor technology which allows them to monitor a wide range of contaminants and conditions, all on a single chip. Eventually, the company plans to enable their devices to work remotely, and will evolve into more of a broader water information play. It's an intriguing approach that reflects the general merging of sensors, communications and IT systems in a number of clean technology areas.

Ardesta, Firelake Capital, NGEN Partners, Topspin Partners, and Technology Partners participated in the round. All were existing investors from the company's last round back in 2003.

Notes from the week: International Mezzo, Intellon, Intechra

Rob Day: August 26, 2005, 8:00 AM
  • International Mezzo Technologies, which uses nanotechnology to develop efficient heat exchangers, announced a $1M first round of funding earlier this week. Funds were provided by individual investors, Louisiana Fund I, and the Louisiana Technology Fund.
  • More information came out about Intellon's recent Series B, in which Motorola Ventures participated. Now it's been announced that the total round was $24.5M, and was led by BCE Capital (affiliated with Bell Canada), and also included Goldman Sachs, Intel Capital, and existing investors Comcast Interactive Capital, Duchossois TECnology Partners, Enertech Capital, Fidelity Ventures, HydroQuebec CapiTech, Liberty Associated...

More on ethanol

Rob Day: August 24, 2005, 1:33 PM
Matt Marshall, as usual, on the spot with some news about ethanol research coming out of Berkeley.