The updates are coming fast and furious
on this topic recently...
If you have a chance before it goes to sub-only archives,
read the PE Week story on Kleiner's new growth-stage (for companies, spin-outs, etc. with revenue traction already) cleantech fund, which could end up being over $400mm. According to the article, Al Gore and John Doerr have been doing a roadshow with LPs recently. At least one member of Goldman Sachs' Special Situations Group has joined the team already. The article also quotes a placement agent who hadn't heard of this fund but had been approached by another fund lately with a similar idea.
...and the cleantech investment community continues to go bigger and later.
Meanwhile, two deals today to mention:
- According to VentureWire, Verdiem has raised a $12mm Series F, led by new backers NCD Investors, and including participation by all previous backers: Catamount Ventures, Falcon Partners, Kleiner Perkins Caufield & Byers, Phoenix Partners and Westly Group.
