MineSense rakes in Series B funds

Canada-based MineSense Technologies Ltd, a provider of bulk ore sorting solutions, has secured an undisclosed amount of Series B funding. Prelude Ventures led the round with participation from Export Development Canada, Cycle Capital Management and Chrysalix Energy Venture Capital.

GaN Systems snags $20 mln

Canada-based GaN Systems Inc, a developer of gallium nitride power switching semiconductors, has raised $20 million in financing. Cycle Capital Management led the round with participation from BDC Capital, Tsing Capital, Chrysalix Energy Venture Capital and RockPort Capital.


Liquid Light closes $15 mln Series B funding round

Liquid Light, which develops and licenses process technology to make major chemicals from carbon dioxide, has raised a $15 million Series B funding round. New investors in the funding include Sustainable Conversion Ventures. Existing investors include VantagePoint Capital Partners, BP Ventures, Chrysalix Energy Venture Capital and Osage University Partners.

VC-backed Liquid Light adds Bayer veteran to executive team

Liquid Light has hired Dave Law as executive vice president of operations. Previously, Law worked at Bayer. Liquid Light is a provider of process technology that makes major chemicals from carbon dioxide. Its backers include VantagePoint Capital Partners, BP Ventures, Chrysalix Energy Venture Capital and Osage University Partners.

VC-backed GaN Systems appoints new CEO

GaN Systems has hired Jim Witham as CEO. Girvan Patterson and John Robert, the company’s co-founders, will remain in their current positions as president and chief technical officer, respectively. Prior to joining GaN Systems, Witham worked at Neoconix where he served as president and CEO. Based in Ottawa, Ontario, GaN Systems is a producer of gallium nitride power switching semiconductors. It is backed by Chrysalix Energy Venture Capital and RockPort Capital.

Primus gets $20 mln in first close of Series C

Primus Power said it received $20 million in the first close of a Series C funding that includes strategic investor Anglo American Platinum of South Africa. The Hayward, Calif., company has now raised $35 million in funding since mid 2009 and has been awarded $20 million in government grants from agencies including the Department of Energy. The company said existing investors participated in the new round without naming them. Existing investors include Kleiner Perkins Caufield & Byers, Chrysalix Energy Venture Capital, DBL Investors and 12BF Global Ventures, according to data from Thomson Reuters, publisher of peHUB. Primus expects to begin commercial shipment of its zinc-based flow battery this year to utility and other customers.

Miners Working 3

Chrysalix Backs MineSense Technologies

Canadian venture capital firm Chrysalix Energy Venture Capital has put an undisclosed amount of money into MineSense Technologies Ltd. The North Vancouver, British Columbia-based company is a provider of sensor-based sorting systems to pre-concentrate low-grade ores in the metal mining industry. In February 2013, MineSense received an investment from SD Tech Fund, managed by Sustainable Development Technology Canada.

Axine Raises Capital From Chrysalix, Business Development Bank

Axine Water Technologies said it raised a round of financing led by Chrysalix Energy Venture Capital and joined by the Business Development Bank of Canada’s venture capital arm. The company has a technology for treating toxic organic pollutants in waste water. PRESS RELEASE Chrysalix Invests in Breakthrough Wastewater Treatment Company Axine Water Technologies on Path […]

Bridgelux Bets the Company on New Technology and a Big Deal with Toshiba

Bridgelux, hoping to leapfrog competitors in the LED lighting business, is pioneering a new technology for LED chip making and betting the company on its success. The company that has received $296 million in venture funding took another step toward that goal by announcing a key deal with its new technology partner Toshiba

Chrysalix Adds Three Strategic LPs To CELP III

Chrysalix said it signed three new strategic limited partners to its CELP III Fund. They are SABIC, Royal Dutch Shell, and a large European industrial group to be disclosed this spring. The new LPs will give CELP III additional money to strengthen the fund’s portfolio, especially important during a recessionary period, the venture firm said. […]

Agilyx Raises $25M From Keating, Kleiner, Chrysalix, Saffron, Others

Agilyx Corp. said it raised $25 million in a Series C round led by Keating Capital and joined by existing investors Kleiner Perkins Caulfield & Byers, Saffron Hill Ventures, Waste Management, Total Energy Ventures International, Chrysalix Energy Venture Capital and Reference Capital.  Agilyx of Beaverton, Oregon., is working on a process to convert waste plastic […]

Keating Capital Puts $4M into Agilyx

Keating Capital announced Monday that it had invested $4 million as part of a $25 million Series C round for Agilyx Corp. Beaverton, Ore.-based Agilyx is an energy company focused on converting waste plastics into high value synthetic oil. Other investors in the Series C round include existing investors Kleiner Perkins Caufield & Byers, Saffron Hill Ventures, Chrysalix Energy Venture Capital, Waste Management, Total Energy Ventures International and Reference Capital.

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