Rachel Barron: June 23, 2008

Funding Roundup: Investors Raise Billions for Greentech Funds

Citigroup CFO Todd Thomson aims for a $3 billion cleantech fund, while Intel spins off SpectraWatt, Schott plans an IPO and SolFocus, Inventure Chemical Technology and GreenFuel Technologies seek cash.

Todd Thompson, former Citigroup CFO and one-time CEO of its Global Wealth Management Division, is supposedly raising a $3 billion cleantech-focused private-equity fund, according to VentureBeat.

Thompson was reportedly raising $1 to $2 billion for a new private-equity fund last year. But the fund, which was originally slated for other purposes, is now focused on cleantech and carbon-credit companies, according to the blog.

In January of last year, Thomson was ousted from his job during a Citigroup management shakeup.

Business tycoon Vincent Tchenguiz is also looking to raise a multibillion-dollar green fund. Check out this week's funding roundup to read more about Tchenguiz and private and public greentech companies that snagged millions last week.




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