Recent Posts:

Transonic Combustion, WaterHealth, Moteiv, and other news

Rob Day: October 31, 2006, 8:46 PM
  • A couple of fundings made public by PEWW: WaterHealth International, which is developing distributed drinking water purification systems using UV, has raised $7.25mm of an anticipated $12mm Series C round, with current investors including Dow, Monsanto, J&J and Plebys. Also, wireless sensor network developer moteiv has raised a $3.85mm Series A including funding from Onset Ventures, Claremont Creek Ventures, PacRim Venture Partners,...

Miasole raises $35mm

Rob Day: October 27, 2006, 7:16 AM
There are scant publicly-available details, but VentureWire broke the story today that CIGS player Miasole has raised a $35mm round of financing (self-promotion alert: I am a very minor personal shareholder). Matt Marshall has some of the details, and also notes that the company is not alone among thin-film solar startups seeking funding right now... Existing investors include Kleiner Perkins Caufield & Byers, VantagePoint Venture Partners, Firelake Strategic Technology Fund, Garage Technology Ventures and Nippon Kouatsu Electric Co.

CTVN: Cleantech VC investments hit $933mm in Q3

Rob Day: October 26, 2006, 9:46 PM
Cleantech investments continue to show strength, with the Cleantech Venture Network's recently released estimates that $933mm was invested in the sector in the third quarter in North America.

Tellingly, more than half of the investment amount was into biofuels. This probably means that a small number of very big capacity-focused investments dominated the numbers. It will be interesting to see the number of deals that are represented when the data is available, and it would also be interesting to track median deal size and deals per quarter over time.

At this point the overall numbers are getting to be hard to compare quarter by quarter as the totals are increasingly dominated by just...

87% IRRs on European cleantech venture investments?

Rob Day: October 19, 2006, 8:11 PM
  • A very interesting study released recently by New Energy Finance, and commissioned by the European Energy Venture Fair. Looking at 57 different investments in Europe since 1999, the study calculates that VCs have achieved an 87% annual rate of return on these investments -- collectively. It's important to emphasize that last point because, as is typical for venture investments, the results are an aggregation of a very wide range of results. Eight of the investments resulted in (very successful) IPOs or trade sales, 9 had follow-on rounds that averaged to moderate up rounds, six went under, and the remaining 34 are still being carried at cost (at least as far as the study's authors...

It’s "Solar Week"

Rob Day: October 18, 2006, 9:27 AM
Thanks in part to Solar Power 2006 going on this week, cleantech investing news is dominated by that sector right now.

  • Practical Instruments raised an $8mm Series A, co-led by Nth Power and RockPort, and also including Trinity Ventures and Rincon Venture Partners. Matt Marshall has a nice overview of the company here. The company's founders originally came out of Energy Innovations, another high-profile solar concentrator startup.
  • It's interesting to note that Moser Baer has been actively jumping into solar. Witness the recent announcements of strategic relationships with both SolFocus and Solaria (again, solar concentrator plays). As new thin-film cell technologies are released...

Fat Spaniel and Sterecycle

Rob Day: October 16, 2006, 12:10 PM
  • UK-based recycler Sterecycle took in an 8mm pound financing from investors including Goldman Sachs to fund additional facilities. The company focuses on household waste.
Other news and notes: More on the interactions between cleantech venture capitalists and ongoing regulatory and legislative efforts in California... Here's an interesting article on the debates around new...

Amyris, EnerWorks, and other news

Rob Day: October 13, 2006, 9:38 PM