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 cleantech... And according to the article, they're looking to hire another cleantech partner to work with Ira.
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).
