The year started off strong for the IPO market, but ended slow. Facebook, the largest ever venture-backed IPO, turned out among the most disappointing. In summary, 2012 was a period of ups and downs for the U.S. IPOs, according to a study from Renaissance Capital.Continue
Cleantech is out of favor. Sure, Nuventix just raised another $6.9 million, and Accel this week put $6.7 million into Vigilent, with the help of several angels. But even as startups such as BrightSource Energy appear to press ahead with IPOs, Enphase Energy this morning cut the expected price of its offering to between $6 and $7 a share.Continue
The IPO market has been quiet for a couple of months, and the Solyndra bankruptcy has cast a pall over the VC-backed cleantech sector. But that could change soon, as a total of 15 cleantech companies wait in registration for a chance to launch public offerings, including a handful of biofuels developers. Combined, they could […]Continue
For venture-backed companies in registration to go public, August is not shaping up as a promising month. While it remains to be seen whether the worst of the market downturn is behind us or ahead, the debt ceiling imbroglio and S&P downgrade of U.S. debt have already had a chilling effect on IPOs. Three venture-backed […]Continue
Enphase Energy, the micro-inverter startup that filed for a $100 million IPO on June 15, said in a Securities and Exchange Commission filing Friday that it raised $14 million of new money. The Petaluma, Calif., company plans to sell another $37.5 in equity for a round of $51.5 million, the filing says. Below is a […]Continue
Enphase Energy joined the list of top cleantech companies testing the IPO waters this year by filing for an IPO on Wednesday The company said in a S-1 registration statement submitted to the Securities and Exchange Commission that it plans to raise $100 million. A successful offering will benefit six venture investors with substantial stakes […]Continue
Cleantech IPOs may be gaining momentum.
Solar plant developer BrightSource Energy filed what is certain to be an explosive initial public offering last week. A couple months earlier biochemical maker Gevo launched its IPO to what proved to be a warm reception. Experimental algae-to-fuel company Solazyme is waiting in the wings.
Which company will be next? In November, Venture Capital Journal published a list of the most likely and lucrative cleantech IPOs of 2011. At the top of our list was BrightSource, so we are off to a good start.
Watch our slideshow to see the other six cleantech companies VCJ believes have a very good shot of going public this year. Our investment data comes from Thomson Reuters, publisher of this blog.Continue
Enphase Energy Inc., a Petaluma, Calif.-based developer of micro-inverter systems for the solar industry, has raised $23 million in new funding from Kleiner Perkins Caufield & Byers and undisclosed strategic backers.
This is the second close of a $63 million round. The initial $40 million infusion was announced in March, with Bay Partners leading and being joined by Horizon Technology Finance, Bridge Bank, Third Point Ventures, RockPort Capital Partners, Madrone Capital Partners and Applied Ventures. The company previously raised over $25 million.Continue
Enphase Energy Inc., a Petaluma, Calif.-based developer of micro-inverter systems for the solar industry, has raised $40 million in private funding. Return backer Bay Partners led the round, and was joined by Horizon Technology Finance, Bridge Bank, Third Point Ventures, RockPort Capital Partners, Madrone Capital Partners and Applied Ventures. The company previously raised over $25 million.Continue
Enphase Energy Inc., a Paetaluma, Calif.-based developer of micro-inverter systems for the solar industry, has raised $22.57 million in new VC funding, according to a regulatory filing. No investor info was disclosed, but the company’s website identifies three investors: Appplied Ventures, Rockport Capital Partners and Third Point Management. www.enphaseenergy.comContinue