VCJ Cover Story: Biofuels Litmus Test

The IPO market has been quiet for a couple of months, and the Solyndra bankruptcy has cast a pall over the VC-backed cleantech sector. But that could change soon, as a total of 15 cleantech companies wait in registration for a chance to launch public offerings, including a handful of biofuels developers. Combined, they could […]

Enphase Raises $14M Pre IPO Round

Enphase Energy, the micro-inverter startup that filed for a $100 million IPO on June 15, said in a Securities and Exchange Commission filing Friday that it raised $14 million of new money. The Petaluma, Calif., company plans to sell another $37.5 in equity for a round of $51.5 million, the filing says. Below is a […]

Third Point, RockPort, Madrone, Kleiner, Others To Benefit From Enphase IPO

Enphase Energy joined the list of top cleantech companies testing the IPO waters this year by filing for an IPO on Wednesday The company said in a S-1 registration statement submitted to the Securities and Exchange Commission that it plans to raise $100 million. A successful offering will benefit six venture investors with substantial stakes […]

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Slideshow: The Cleantech Companies Best Positioned to Go Public

Cleantech IPOs may be gaining momentum.

Solar plant developer BrightSource Energy filed what is certain to be an explosive initial public offering last week. A couple months earlier biochemical maker Gevo launched its IPO to what proved to be a warm reception. Experimental algae-to-fuel company Solazyme is waiting in the wings.

Which company will be next? In November, Venture Capital Journal published a list of the most likely and lucrative cleantech IPOs of 2011. At the top of our list was BrightSource, so we are off to a good start.

Watch our slideshow to see the other six cleantech companies VCJ believes have a very good shot of going public this year. Our investment data comes from Thomson Reuters, publisher of this blog.

Enphase Energy Adds $23 Million

Enphase Energy Inc., a Petaluma, Calif.-based developer of micro-inverter systems for the solar industry, has raised $23 million in new funding from Kleiner Perkins Caufield & Byers and undisclosed strategic backers.

This is the second close of a $63 million round. The initial $40 million infusion was announced in March, with Bay Partners leading and being joined by Horizon Technology Finance, Bridge Bank, Third Point Ventures, RockPort Capital Partners, Madrone Capital Partners and Applied Ventures. The company previously raised over $25 million.

Enphase Energy Raises $40 Million

Enphase Energy Inc., a Petaluma, Calif.-based developer of micro-inverter systems for the solar industry, has raised $40 million in private funding. Return backer Bay Partners led the round, and was joined by Horizon Technology Finance, Bridge Bank, Third Point Ventures, RockPort Capital Partners, Madrone Capital Partners and Applied Ventures. The company previously raised over $25 million.

Enphase Energy Raises $22 Million

Enphase Energy Inc., a Paetaluma, Calif.-based developer of micro-inverter systems for the solar industry, has raised $22.57 million in new VC funding, according to a regulatory filing. No investor info was disclosed, but the company’s website identifies three investors: Appplied Ventures, Rockport Capital Partners and Third Point Management. www.enphaseenergy.com

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