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Northwater Capital leads $11.2 mln funding in MTPV Power

Northwater Capital Management’s Intellectual Property Fund has led an $11.2 million Series B1 funding in MTPV Power Corporation, a clean energy company that converts heat to electricity using semiconductor chips. Other investors in the funding included Total Energy Ventures, the venture capital arm of oil and gas company Total; SABIC, the Saudi Basic Industries Corporation, which makes chemicals, plastics and metals; and Point Financial, a venture debt provider based in Arizona. Funding also included new independent investors and follow-on commitments from Spinnaker Capital, Ensys Capital, the Clean Energy Venture Group and several other existing shareholders.

MTPV Closes on $6.5M Series B

MTPV, a maker of clean energy semiconductors, raised $6.5 million in an initial closing of its Series B round. Investors include Boston-based Spinnaker Capital; Applied Ventures, the arm of Applied Materials; Massachusetts Clean Energy Center and Austin-based Ensys Capital.

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