Targeted Growth, which is pursuing genetic enhancement of biofuels feedstocks, announced a $22.3mm Series D. The company claims their approach can increase yields by 20%. Capricorn Management and AllianceBernstein led the round, and GrowthWorks Canadian Fund, Integra Ventures, WRF Capital, and Investment Saskatchewan also participated.
An advanced materials company, EoPlex, announced an $8mm Series C, led by ATA Ventures. DFJ, Labrador Ventures, and Draper-Richards also participated. The company's 3D ceramic-metal miniaturized devices have energy-related applications, such as fuel cell reformers, self-powered sensors, LEDs, and others.
Other news and notes: Vinod is moving -- perhaps in a green limo?... With all the controversy about ethanol, here's a good overview of where the technology is in its development cycle... And on the same topic, one cellulosic ethanol player is buying another -- could more consolidation be looming?... Here's Tyler's take on the Gore-Branson $25mm atmospheric carbon sequestration prize... Finally, first Willie, now Merle -- could Kenny Rogers be far behind?
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).
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