Light-Based Technologies Closes $7.5M

Light-Based Technologies Inc., which is backed by Vancouver-based GreenAngel Energy Corp., has raised $7.5 million. The Series B round was led by VantagePoint Venture Partners and Chrysalix Energy Venture Capital. The money will go to bolstering sales and marketing as well as helping to expand the company’s intellectual property portfolio. GreenAngel is a publicly traded company that invests solely in emerging private green technology companies.

Slideshow: CalPERS’ Mid-Decade Venture Boom — Commitments Jumped in 2006-08

CalPERS, like many LPs, turned hesitant toward venture during the recent global recession. But the pension fund followed more free spending ways just prior to the slowdown, with commitments in 2006, 2007 and 2008 doubling or more. These mid-decade vintage years saw the California Public Employees’ Retirement System — the nation’s largest public pension fund […]

Global Cleantech Investing Falls In 2Q As Investors Favor Smaller Deals

Global cleantech investing fell in the second quarter as cautious investors favored later rounds and chose smaller energy efficiency deals over big-ticket solar. Venture investors put $1.83 billion into 161 transactions during the three months, down 10% in dollars from last year and 33% from the first quarter of the year, according to data released […]

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Slideshow: IRRs From CalPERS’ Brand Name Venture Funds Underwhelm (Part I)

The California Public Employees’ Retirement System recently updated the online posting of its venture holdings, and there are several interesting takeaways worth reporting. First, it should be noted that CalPERS, the nation’s largest public pension fund, owns stakes in about 217 venture capital funds, nine percent of its private equity portfolio. Like many pension managers, […]

BrightSource IPO Could Make Big Winners Of VantagePoint, DFJ

If a cleantech company’s IPO creates the “Netscape moment” John Doerr predicted last fall, it could be the offering of BrightSource Energy Inc. The solar thermal plant developer filed for a $250 million initial offering late Friday with investors VantagePoint Venture Partners and Draper Fisher Jurvetson set to be big winners if the stock does […]

Cleantech: Say Goodbye To Risk Capital

The cleantech investor is becoming a more conservative investor. This is the conclusion to draw from the quarterly cleantech investment figures the Cleantech Group released Tuesday. Quarterly investment totals from around the globe rose 13% from last year to $2.57 billion. But deals came to 159, probably the lowest quarterly level since mid-2009. In other […]

VantagePoint Raising $1B Late Stage Cleantech Fund

VantagePoint Venture Partners is raising $1 billion to invest globally as cleantech companies seek to expand their operations on a commercial scale, peHUB has learned from a source with direct knowledge of the fund-raising effort.

Greentech Media was the first to report on the fund, but it said the target was $1.5 billion. PeHUB‘s source says the target is, in fact, $1 billion.

The firm in December filed an SEC document about the fund, called VantagePoint CleanTech Partners III LP, but that document did not disclose a target amount.

BrightSource Raises Another $122M As Speculation Of IPO Increases

BrightSource Energy, the developer of large thermal solar plants in the Southwest, raised another $122.5 million as speculation of a 2011 IPO increases. The company is among the current crop of cleantech startups likely to make the biggest splash with an initial public offering. Its technology harnesses the heat of the sun’s rays to boil […]

Solazyme Files for $100M I.P.O.

Venture-backed Solazyme Inc. has filed to raise $100 million in an initial public offering. Solazyme plans to list its shares on the Nasdaq Global Market under the symbol SZYM. The company’s backers include Lightspeed Venture Partners, The Roda Group, Harris and Harris Group, VantagePoint Venture Partners, Zygote Ventures, CTTV Investments LLC, the venture capital arm of Chevron Technology Ventures LLC, San-Ei Gen, Unilever, Bunge, Braemar Energy Ventures, and Sir Richard Branson via The Roda Group. Morgan Stanley and Goldman, Sachs & Co. are acting as lead underwriters.

Better Place Unveils First Pricing Plan; Will Consumers Bite?

Bettere Place Inc. today announced its first pricing plans, and anyone following the electrical vehicle market should take a close look. Better Place lets customers swap their rundown electric car batteries with fresh ones at service stations it is building. It also will monitor and meter electricity to customers for charging cars at home and […]

Amprius Closes on $25M for Battery Tech

Menlo Park, Calif.-based Amprius has raised $25 million in venture financing to support commercialization of its lithium ion batteries. New investors include China-based firms IPV Capital and Qian Neng Fund, as well as Silicon Valley’s Kleiner Perkins Caufield & Byers. Return backers include Trident Capital, VantagePoint Venture Partners and Stanford University.

GE, VantagePoint Back 1366 Technologies

Massachusetts-based 1366 Technologies, a developer of photovoltaic solar panel technology, has raised $8.4 million in an extension of its most recent, $20 million round which closed in October 2010. GE and VantagePoint Venture Partners provided the latest round, along with return investors Ventizz Capital, North Bridge Venture Partners, and Hanwha Chemical.

Publishing Without Borders

When Amazon revealed it now sells more digital books than print, it represented a permanent shift for the publishing industry. Borders’ bankruptcy filing only drives home the point. More Americans consume daily media online than anywhere else, and, as the tablet business continues to expand, a growing number of people all over the world will […]

Bridgelux Rustles Up Another $20M; Prepping for an IPO?

LED lighting chipmaker Bridgelux has raised another $20.7 million, according to a filing with the Securities and Exchange Commission. The California company has now raised a total of $155 million from venture backers, including a $60 million round last March, according to Thomson Reuters, publisher of this blog. Tuesday’s filing does not state what the […]

Corporate VCs Prowling For Cleantech Startups

Cleantech investors expect a better year in 2011. More money will flow to startups, a new crop of better performing IPOs should come to market and M&A might even pick up. Less noticeable but perhaps as important, strategic corporate investors could become more active. All of this comes against a difficult backdrop. The year gone […]

ChaCha Closes $20 Million Funding Round

ChaCha, the Indianapolis free, real-time answers service, has closed a $20 million round of financing, according to the company. The funding came from VantagePoint Venture Partners and Rho Ventures.

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Startup Teos Prepares To Rollout First LED Bulb

Stealthy startup Teos (formerly known as SuperBulbs) is preparing to rollout its first LED light bulb next spring, an energy-saving product it hopes to price at $20. LED, or solid-state, lighting is expected to be a major growth market for cleantech companies as businesses and eventually consumers replace today’s bulbs with more efficient ones. Teos […]

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