Recent Posts:

Imperium’s $100mm raise, and a lot of other news

Rob Day: January 30, 2007, 4:25 PM
  • Following up on an item from last month, it appears that Imperium Renewables (f/k/a Seattle Biodiesel) is set to announce a $100mm raise of equity and debt. Several hedge funds and a pension fund are new into the deal -- the city of Seattle's employee pension fund is participating (apparently putting in $10mm of the round), with Stark Investments, Ardsley Partners, and Sound Energy Partners also involved. It's unclear how much of the raise is equity, and to what extent existing investors (including Vulcan Ventures, Technology Partners, Nth Power and Ignition Partners). [Other past news on Imperium here, here and here]
  • DayStar, a publicly-traded developer of thin film PV technology,...

MIOX raises $14.5mm Series B

Rob Day: January 26, 2007, 8:09 AM
Water purification equipment manufacturer MIOX Corp raised a $14.5mm Series B, led by Sierra Ventures and including participation by Tao Capital and the New Mexico Community Capital Fund, Flywheel Capital and existing investors. The company last raised a $12mm Series A in 2005. VentureWire (no link) reports that 2006 revenue was "under $20mm", and that the funding will be used to finance a "very aggressive growth path."

In other cleantech news, VentureWire also reported (again, no link) today that Technology Partners (including cleantech champion Ira Ehrenpreis) is expected to close on $200mm of an anticipated $250-300mm Fund VIII by March. The firm now focuses on health care and...

Way behind

Rob Day: January 25, 2007, 11:34 PM
Apologies to those who regularly check this site for news and updates on the industry (and there are more of you than I ever would have expected...). A major relocation is always tough, and being without internet access for several days makes things like blogging that much tougher. Nevertheless, greetings now from (VERY) chilly Boston -- and hopefully we'll be able to be more timely and active going forward.

So, here are more than a week's worth of items and thoughts in rapid-fire fashion, in hopes of somewhat catching up:

1. Battery developer A123 announced a $40mm round of financing, with GE Commercial Finance leading the round and P&G (makers of Duracell batteries) also involved,...

2006 Cleantech investments total $2.9B… and other catch-ups

Rob Day: January 14, 2007, 9:12 PM
  • The Cleantech Venture Network released early data last week on 2006 sectoral venture investments, and they tracked deals totaling $2.9B. Of that, $2.1B was in energy technologies; and of that, $1.3B was in energy generation. The group stated that energy investments nearly doubled from 2005, and that sectoral investments overall went up 78%. These represent just the dollar amounts, and it will be even more interesting to see the number of deals this represents, and what the median deal size was, for all of the various cleantech sectors.
A small prediction: The total amount of cleantech venture dollars invested will likely go down in 2007. Why? Because the significant growth in...

Happy new year!

Rob Day: January 4, 2007, 2:47 PM
Things are a bit hectic right now, so let me simply point to a few interesting articles and news items from the last few days...

1. A couple of interesting articles in VentureWire over the past couple of weeks. The first one was on the topic of green buildings. VentureWire continues to stymie efforts to promote their good work by not providing links to their articles, but here's an excerpt:
In the last two quarters of 2006, investors including DFJ Element, NGEN Partners, Nth Power and Rockport Capital Partners have invested in companies that are looking to create more ecologically and economically efficient tools for the construction industry.

"Because of the turnover in...