Here are reported cleantech venture deals from the past few weeks, showing that things are still a bit slow but the money is starting to flow into a more diversified mix of sectors:
- GreenRoad, a vendor of fleet driver safety and fuel efficiency monitors, has raised $15mm in "growth funding", led by DAG Ventures and including return investors Benchmark Capital, Virgin Green Fund, Amadeus Capital Partners and Balderton Capital.
- OutSmart Power Systems, a developer of commercial building energy efficiency systems, has announced a $2mm seed round from Bainco, Clean Energy Venture Group, and Manifold Products.
- Micro fuel cell developer UltraCell announced a $3.8mm insider round, from existing funders BASF Venture Capital GmbH, OnPoint Technologies, Espirito Santo Ventures (ES Ventures) and Miami Valley Venture Fund.
- VentureWire reported on a few fundings that have been discovered through Reg D filings: Arxx Corp. (green building materials) has raised $3mm of a targeted $4.3mm round; Infinia Corp. (solar) has raised $14.1mm of a targeted $50mm debt/rights financing;Tendril Networks (smart grid) has raised $19mm out of a targeted $30mm equity raise; and Renewable Fuel Products (biofuels) has raised $145k.
- SpectraSensors raised a $6mm round of financing from new and existing investors, including Blueprint Ventures, Nth Power, American River Ventures, Nomura Private Equity Investment, and Chevron Technology Venture Investments.
- Wind developer OwnEnergy has added to its Series A with new financing from Clearpoint Ventures and GoGreen Capital.
- Lighting ballast vendor Fulham Inc. has raised $10mm from Braemar.
- Daimler is buying a 10% stake in Tesla. For more information, see any news website anywhere...
- Biogas plant developer agri.capital has raised a EUR60mm round of financing. TCW Group, Inc led the round, alongside existing investors Altima Partners, Green Partners, Halcyon and Ludgate Environmental Fund. agri.capital also raised a EUR10mm mezz debt facility with Ecofin.
- Terralliance, which got in a news a fair bit last month, has raised some new funding and (probably more importantly) converted a large portion of its debt into equity.
- Solar inverter vendor Sustainable Energy Technologies has raised C$1.3mm in a PIPE (note: link opens PDF).
- Germany's P21, which is developing fuel cell for backup power systems, has raised a EUR10mm round of financing led by Yellow&Blue Investment Management, alongside existing investors Target Partners and Conduit Ventures.
- Madrone Capital Partners has led a $22.5mm round of financing into solar micro inverter company Enphase Energy. New investor Bay Partners also joined the round, which included existing investors Third Point Ventures, RockPort Capital Partners and Applied Ventures.
- Swedish transformer company Hexaformer has raised a EUR3.3mm round of financing from Sustainable Technologies Fund and InnovationsKapital.
- Capricorn Cleantech Fund and GIMV have put EUR1.5mm each into a first round of financing for NovoPolymers NV.
- Deeya Energy raised a $30mm Series C led by Technology Partners, to further their flow battery development efforts.
- ZettaCore raised a $21mm Series C -- GreenLight mentioned that part of the proceeds will go toward the development of energy storage applications.
- It's not a cleantech deal, but still, I thought this report by Cooley Godward (note: opens PDF) was very much worth highlighting, since it does a great job of illustrating the dramatic downtown in venture capital valuations over the past few months, across all stages. Entrepreneurs, take heed...
Other news and notes: If you haven't seen it already, it's well worth reading Joel Serface's piece on his year as an EIR at NREL... Finally, while the WaPo editors are down on the Chevy Volt, this column by Michael just made me jealous!