Siva Power secures more funds

Advanced solar energy business Siva Power has secured backing of $15 million. The new capital came from four investors, including three existing investors: Trident Capital, DBL Investors and Acero Capital. The city of Wuxi, China came in as a new investor.

Online store Yerdle where people get things for free collects $5 mln

According to a blog post on its site, Yerdle has raised $5 million in Series A funding. The investors were The Westly Group, Claremont Creek, Prelude, Mindful Investors and DBL Investors. Based in San Francisco, Yerdle is an online store where people give away and get things for free. To read the announcement, visit here.

Primus gets $20 mln in first close of Series C

Primus Power said it received $20 million in the first close of a Series C funding that includes strategic investor Anglo American Platinum of South Africa. The Hayward, Calif., company has now raised $35 million in funding since mid 2009 and has been awarded $20 million in government grants from agencies including the Department of Energy. The company said existing investors participated in the new round without naming them. Existing investors include Kleiner Perkins Caufield & Byers, Chrysalix Energy Venture Capital, DBL Investors and 12BF Global Ventures, according to data from Thomson Reuters, publisher of peHUB. Primus expects to begin commercial shipment of its zinc-based flow battery this year to utility and other customers.

SolarCity Shares Shine in Debut

Shares of SolarCity Corp jumped more than 50 percent during their market debut on Thursday, approaching the valuation the solar power company had sought before it was forced to slash its IPO price.

Slideshow: 15 Largest U.S.-based Venture Funds Raised in Q3

Q3 certainly wasn’t a pretty quarter for venture fundraising. In fact, it was downright ugly, with just $1.72 billion raised by 52 U.S.-based venture funds, the smallest amount raised since Q3 2003, according to the National Venture Capital Association and Thomson Reuters (publisher of peHUB). In contrast, 49 U.S.-based VC funds raised nearly $2.9 billion in […]

California Endowment Commits to DBL Investors

The California Endowment, the state’s largest, private health foundation with assets of more than $3 billion, has committed $10 million to DBL Investors’ second fund—the DBL Equity Fund II. Venture specialist DBL Investors has invested in 28 start-up companies to date.

DBL Investors Adds Three To Team

San Francisco-based venture capital firm DBL Investors has added Lisa Hagerman to the newly created position of director of its Double Bottom Line Programs. DBL also added two associates – Patrick Sagisi and Sarah Ham – to its team, following the recent close of its $140 million second fund. Hagerman joins DBL Investors from Harvard’s Kennedy School of Government, where she led “More for Mission,” a research and advocacy initiative. Sagisi was previously a director in the corporate audit team of Samsung. Ham, previously an intern with DBL, recently completed an MBA from the Yale School of Management.

OPX Biotechnologies Closes on $36.5M Series C

OPX Biotechnologies Inc. has closed on $36.5 million in a first close of its Series C round, the company said Thursday. US Renewables Group led the round, which included investment from new investor DBL Investors and from existing investors Mohr Davidow Ventures, Braemar Energy Ventures, Altira Group and X/Seed Capital. Pacific Crest Securities provided financial advice to OPXBIO. As a result of the round, US Renewables Group managing director Jonathan Koch has joined the OPXBIO board. The company will use the money for development and commercialization of an industrial-scale process for producing its first renewable chemical, BioAcrylic.

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Primus Power Closes $11M

Hayward, Calif.-based Primus Power, a grid-scale energy storage company, has closed on $11 million from DBL Investors, I2BF Global Ventures, Chrysalix Energy Venture Capital and Kleiner Perkins Caufield & Byers. The infusion will be used for development and commercialization of Primus’ distributed storage technology, the company said Tuesday. The company has also previously raised money in grants from the United States Department of Energy, the Advanced Research Projects Agency — Energy, and the California Energy Commission.

Soladigm Adds $10M to Close Series C

Milpitas, Calif.-based Soladigm, which develops highly energy-efficient dynamic glass for buildings, has raised an additional $10 million in financing, closing its Series C round with a total of $40 million. New investors The Westly Group and Navitas Capital contributed to the round, as did the company’s existing shareholders: San Francisco-based DBL Investors and Cayman Islands-based firm Nano Dimension. GE Energy Financial Services, Khosla Ventures and Sigma Partners.

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VCs Heed Obama’s Call with More Than $100M For Solar Installation

President Obama emphasized clean energy in his State of the Union address on Monday, calling on the nation to get 80% of its electricity from renewable and other sources by 2035. It seems like the venture community anticipated his plea. Clean energy comes in a number of different flavors, according to Obama. Wind, solar, nuclear, […]

Glass Maker Soladigm Seals $30M Series C

Soladigm, which develops energy-efficient “dynamic glass,” has raised $30 million in Series C financing. The round was led by San Francisco-based DBL Investors and Cayman Islands-based firm Nano Dimension. GE Energy Financial Services also participated in the round, as did existing investors Khosla Ventures and Sigma Partners. As a result of the round DBL Investors’ Cynthia Ringo joins Soladigm’s board. The Milpitas, Calif.-based company develops energy-efficient glass designed to switch from clear to tinted on demand, helping buildings reduce heating and cooling costs.

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