Farmers Business Network reaps $15 million

San Carlos, California-based Farmers Business Network, a farmer-to-farmer information network, has received $15 million in funding. Google Ventures led the round with participation from Kleiner Perkins Caufield & Byers and DBL Investors. In addition to the funding, Google Ventures General Partner Andy Wheeler has been added to FBN’s board of directors.

NEXTracker scores $25 mln

Silicon Valley-based NEXTracker Inc, a maker of axis PV trackers, has closed $25 million in financing. The investors in this round included SJF Ventures, Tennenbaum Capital Partners, Sigma Partners and DBL Investors.


Siva Power raises $10 mln for solar projects

Siva Power, a solar energy company, has raised $10 million from several sources, including $4 million in funding from DBL Investors, Medley Partners and Acero Capital. Siva also converted $3 million in debt financing the company received in May 2014 from Trident Capital, DBL, Medley and Acero, as well as the city of Wuxi, China as a new investor. The company also received $3 million from the U.S. Department of Energy SunShot Initiative, bringing total capital raised to $10 million.


DBL raises $356.4 mln third fund

DBL Investors has raised a $356.4 million third fund, according to a filing with the Securities and Exchange Commission. Listed as directors of the fund are firm founder Nancy Pfund and Ira Ehrenpreis.


peHUB First Read

This morning’s First Read has the CDC rejecting mandatory Ebola quarantines, Jack Ma has a strong interest in Apple partnership and a month after being diagnosed with cancer, controversial Toronto Mayor Rob Ford wins city council seat.


Hardware manufacturer Kateeva raises $38 mln

Kateeva, a maker of flat panel OLED displays, has raised $38 million in a Series D round of funding from from Samsung Venture Investment Corp, Sigma Partners, Spark Capital, Madrone Capital Partners, DBL Investors, New Science Ventures and VEECO Instruments Inc. The Menlo Park, California-based company has now raised more than $110 million since it was founded in 2008.

Siva Power secures more funds

Advanced solar energy business Siva Power has secured backing of $15 million. The new capital came from four investors, including three existing investors: Trident Capital, DBL Investors and Acero Capital. The city of Wuxi, China came in as a new investor.

Online store Yerdle where people get things for free collects $5 mln

According to a blog post on its site, Yerdle has raised $5 million in Series A funding. The investors were The Westly Group, Claremont Creek, Prelude, Mindful Investors and DBL Investors. Based in San Francisco, Yerdle is an online store where people give away and get things for free. To read the announcement, visit here.

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.

SolarCity Shares Shine in Debut

Shares of SolarCity Corp jumped more than 50 percent during their market debut on Thursday, approaching the valuation the solar power company had sought before it was forced to slash its IPO price.

Slideshow: 15 Largest U.S.-based Venture Funds Raised in Q3

Q3 certainly wasn’t a pretty quarter for venture fundraising. In fact, it was downright ugly, with just $1.72 billion raised by 52 U.S.-based venture funds, the smallest amount raised since Q3 2003, according to the National Venture Capital Association and Thomson Reuters (publisher of peHUB). In contrast, 49 U.S.-based VC funds raised nearly $2.9 billion in […]

California Endowment Commits to DBL Investors

The California Endowment, the state’s largest, private health foundation with assets of more than $3 billion, has committed $10 million to DBL Investors’ second fund—the DBL Equity Fund II. Venture specialist DBL Investors has invested in 28 start-up companies to date.

DBL Investors Adds Three To Team

San Francisco-based venture capital firm DBL Investors has added Lisa Hagerman to the newly created position of director of its Double Bottom Line Programs. DBL also added two associates – Patrick Sagisi and Sarah Ham – to its team, following the recent close of its $140 million second fund. Hagerman joins DBL Investors from Harvard’s Kennedy School of Government, where she led “More for Mission,” a research and advocacy initiative. Sagisi was previously a director in the corporate audit team of Samsung. Ham, previously an intern with DBL, recently completed an MBA from the Yale School of Management.

OPX Biotechnologies Closes on $36.5M Series C

OPX Biotechnologies Inc. has closed on $36.5 million in a first close of its Series C round, the company said Thursday. US Renewables Group led the round, which included investment from new investor DBL Investors and from existing investors Mohr Davidow Ventures, Braemar Energy Ventures, Altira Group and X/Seed Capital. Pacific Crest Securities provided financial advice to OPXBIO. As a result of the round, US Renewables Group managing director Jonathan Koch has joined the OPXBIO board. The company will use the money for development and commercialization of an industrial-scale process for producing its first renewable chemical, BioAcrylic.

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