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HZO raises $20 mln in growth round

HZO has secured $20 million in an oversubscribed round of Series B growth funding. The round was led by Iron Gate Capital with follow-on investments from Translink Capital and Delta Electronics as new investors. Existing investors including Harris & Harris Group, Prudence Holdings and VY Capital also participated in the financing.

Champions Oncology Raises $9.3 Million in Private Placement

Champions Oncology of Hackensack, N.J., earlier this week announced it had raised $9.3 million at a price of $0.50 per share in a private placement to existing and new investors. That group includes Battery Ventures IX, L.P., PAR Investment Partners, L.P., members of the company’s management team, and early-stage investor Harris & Harris Group, which invested $200,000 in the financing. No commissions were paid in connection with the private placement.

Nantero Closes Series D

Nantero has closed a Series D round of financing for over $10 million. The oversubscribed round was led by two new strategic corporate investors and also includes existing investors, including Charles River Ventures, Draper Fisher Jurvetson, Globespan Capital Partners, Stata Venture Partners and Harris & Harris Group.

Bridgelux Adds $15M

Bridgelux, a developer and manufacturer of LED lighting products, has added $15 million in financing to help it boost accelerate research and development. The company is backed by VantagePoint Capital Partners, DCM, El Dorado Ventures, Novus Energy Partners, IFA, Chrysalix, Harris & Harris Group, Craton Equity Partners, Jebsen Asset Management and Passport Capital.

Metabolon Seals $13.1M Series D

Metabolon Inc., a Durham, N.C.-based provider of biomarker discovery and analysis, has raised $13.1 million in Series D financing. New investor Keating Capital Inc. joins existing investors including Sevin Rosen Funds, Aurora Funds, Harris & Harris Group, Syngenta Ventures, Fletcher Spaght and Fulcrum Financial Partners.

HzO Launches with $7M in VC

Utah-based HzO Inc., which makes technology for consumer and industrial electronic assemblies, has raised $7 million from Harris & Harris Group, Prudence Holdings and Pike Capital Partners. The company, which is majority owned by Zagg Inc., also saw an additional investment from Zagg. The funding will help HzO launch its technology into the market.

Craton Leads $60M Round for Bridgelux

Craton Equity Partners led a $60 million Series E round for Bridgelux Inc., a developer and manufacturer of LED lighting technologies. A laundry list of existing and strategic investors also participated in the round, including VantagePoint Capital Partners, DCM, El Dorado Ventures, Novus Energy Partners, Invus Group, VTS, Harris & Harris Group and Passport Capital. The company said the infusion will help it bolster research and development efforts. David Asarnow, a principal at Craton Equity, will join the Bridgelux board as an observer.

Innovalight Inks $3.4M From DOE

Sunnyvale, Calif.-based Innovalight Inc., which sells silicon ink and advanced solar cell process technology, has inked $3.4 million in funding under the SunShot initiative by the U.S. Department of Energy. The money will help the company accelerate the development and production of silicon ink material and processes for high efficiency solar cells. With more than $63 million raised previously, Innovalight is also backed by EDB Investments of Singapore, Vertex Venture Holdings, Apax Partners, ARCH Venture Partners, Convexa Capital, Harris & Harris Group, Sevin Rosen Funds and Triton Ventures.

GEO Semiconductor raises $2M

GEO Semiconductor, a California-based manufacturer or LCD displays, has closed a $2 million fund raising round. The funding consists of venture debt and equity, with Montage Group leading the venture debt portion of the funding. Harris & Harris Group also participated.

Laser light firm raises $13 million

Laser Light Engines, a Salem, New Hampshire-based manufacturer of laser lights for cinema screens, has secured $13 million in a Series B round of fund-raising. Funds came from two returning venture capital firms, Braemar Energy and Harris & Harris Group, and the rest came from Imax Corp, with whom Laser Lights has a strategic partnership. Laser Lights intends to use the funds to develop a custom version of its laser engine for use in Imax screens.

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