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.
Rob Day is a Partner with Black Coral Capital, based in Boston. He has been a cleantech private equity investor since 2004, and acts or has served as a Director, Observer and advisory board member to multiple companies in the energy tech and related sectors. Rob was a co-founder of the Renewable Energy Business Network (www.rebn.org), a non-profit organization which was acquired in 2009 by the Clean Economy Network. The views expressed on this blog are those of Rob, not necessarily the views of any of his colleagues and affiliated organizations. Contact Rob at .(JavaScript must be enabled to view this email address).
contact rob at .(JavaScript must be enabled to view this email address)
