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3M New Ventures backs Smart Energy Instruments

Smart Energy Instruments said Monday that it has received $5 million in funding. 3M New Ventures, the corporate venture arm of 3M, led the round with participation from return backers Venturelink Funds, ArcTern Ventures and the Ontario Capital Growth Corp. Based in Toronto, SEI is a developer of smart grid measurement technology.

3M New Ventures Backs Pixel Qi

Pixel Qi Corp., a maker of next generation LCD panels, has inked an undisclosed amount from 3M New Ventures, a venture arm of 3M. Terms of the investment were not disclosed. Three-year-old Pixel Qi, which is based in San Bruno, Calif., makes sunlight-readable, low-power LCD panels aimed for mobile device applications. 3M New Ventures is based in Munich, Germany.

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