Not surprisingly, Stanford University alumni are the most likely to attract venture funding for their startups. But Harvard University and New York University are seeing fast growth in deal making.
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BrightSource Energy said it raised more than $80 million of additional equity financing, brings its total equity financing to more than $615 million. Alstom and VantagePoint Capital Partners lead the round with DFJ, CalSTRS, DBL Investors, Goldman Sachs, Chevron Technology Ventures and BP Ventures and others joining.
NanoString Technologies, a provider of life science tools and developer of molecular diagnostics, has appointed James A. Johnson as the company’s new chief financial officer. Johnson assumes this role from Wayne Burns who will remain with the company in his new position as senior vice president, operations and administration. NanoString Technologies is backed by GE, BioMed Ventures, Clarus Ventures, Draper Fisher Jurvetson and OVP Venture Partners.
Global venture investing in cleantech startups fell sharply in the second quarter to a 2½ year low, with $1.6 billion going to 155 startups, according to the Cleantech Group.
Box is launching Box OneCloud for Android devices. Founded in 2005, Box provides a secure content sharing platform. The company is headquartered in Los Altos, California and is backed by venture capital firms Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, Meritech Capital Partners, NEA, Scale Venture Partners, and U.S. Venture Partners, [...]
Rethink Robotics (formerly Heartland Robotics), founded by iRobot co-founder Rodney Brooks, has secured $30 million in Series C financing. The funding round was led by Sigma Partners, with participation from all prior investors as well as a new investor, Draper Fisher Jurvetson. PRESS RELEASE Rethink Robotics (formerly Heartland Robotics), founded by iRobot co-founder Rodney Brooks [...]
EdenIQ, a Visalia, Calif.-based sustainable fuel company, has received a $3.9 million grant from the California Energy Commission as part of California’s Alternative and Renewable Fuel and Vehicle Technology Program, which provides funding for the development of new, California-based biofuel production facilities. Edeniq’s venture backers include Kleiner Perkins Caufield & Byers, Draper Fisher Jurvetson, Flint Hills Renewables, [...]
Chinese-language online encyclopedia Hudong.com is reportedly raising a $50 million third round of funding, writes Reuters. Part of Hudong.com’s funding is being raised by online private investment platform Xpert Financial. Tim Draper, of venture capital firm Draper Fisher Jurvetson, sits on Xpert’s board and sent an email urging people to invest in Hudong.com, according to [...]
Mobile money management app provider Lemon has secured $8 million in Series A capital investment to fuel the launch of its Smarter Wallet. The round was led by Maveron, a consumer-tech-focused firm co-founded by Starbucks’ Howard Schultz with investments in Shutterfly, eBay and Zulily. Other investors included Lightspeed Venture Partners, CampVentures, Draper Fisher Jurvetson, The [...]