GreenRoad snags $26 mln

GreenRoad, a fleet performance service provider, has secured $26 million in funding. Israel Growth Partners led the round with participation from return backers Amadeus Capital Partners, Benchmark Capital, DAG Ventures, Generation Investment Management and Virgin Green Fund. In addition to the funding, Haim Shani, general partner at IGP, has been added to GreenRoad’s board of directors.


LED lighting company Terralux nabs $11 mln

Longmont, Colorado-based Terralux, a maker of LED lighting, has received $11 million in funding. EnerTech Capital led the round with participation from other investors that included Generation Investment Management, Crawley Ventures, Emerald Technology Ventures and GC&H Investments.


Optoro nets $50 mln Series C in KPCB-led round

Optoro has raised $50 million in Series C funding in a round led by Kleiner Perkins Caufield & Byers. Other investors were Generation Investment ManagementRevolution Growth, Grotech Ventures and SWaN & Legend Venture Partners. In conjunction with the funding, Daniel Oros, a partner at KPCB, has been added to its board. Based in Washington, D.C. and Maryland, Optoro is a provider of solutions that lets retailers and manufacturers increase revenue from returned and excess inventory.


Harvest Power nets $20 mln

Harvest Power has closed $20 million in funding. True North Venture Partners, Industry Ventures and Generation Investment Management were the lead investors. In addition to the funding, Michael Ahearn has been appointed the new chairman of Harvest Power’s board of directors. Harvest Power is a developer of renewable energy and fertilizer products from organic waste.

GreenBytes Names New CEO

GreenBytes, a developer of cloud-scale IO-offload solutions has appointed chairman Steve O’Donnell as chief executive officer. Earlier this year, GreenBytes received $12 million in Series B funding led by London-based Generation Investment Management with participation from Battery Ventures and GreenBytes management.

Harvest Power Raises Additional $15 Million in Series C Financing

Four-year-old Harvest Power, a Waltham, Mass.-based company that produces renewable energy and soils, mulches and natural fertilizers raised, has raised a $15 million extension to its $110 million Series C financing. The newest funds come for Tur Partners and Industry Ventures. True North Venture Partners led the initial round, alongside existing investors that include Kleiner Perkins […]

GreenBytes Raises $12m Series B

GreenBytes, a developer of energy-efficient inline data deduplication storage solutions has raised an additional $12 million in Series B funding from Generation Investment Management with participation from Battery Ventures and GreenBytes management. GreenBytes was founded in 2007 and is based in Ashaway, Rhode Island, USA. PRESS RELEASE GreenBytes®, Inc., a developer of high-performance, energy-efficient inline […]

TerraLUX Raises $18.3M From Generation Investment, Emerald, Access, Others

TerraLUX, Inc. said it raised Series B funding of $18.3 million in a round led by Generation Investment Management and joined by existing investors Emerald Technology Ventures and Access Venture Partners. Also participating were several private investors as well as founder Anthony Catalano and members of the management team. PRESS RELEASE TerraLUX Closes Series B […]

Infinite Power Solutions Closes $10m Series D

US clean technology company Infinite Power Solutions has completed a $10 million Series D financing. Existing financial investors Generation Investment Management, D. E. Shaw Ventures, Polaris Venture Partners and Core Capital Partners co-led the financing, which also included participation by Applied Ventures, the venture capital arm of Applied Materials, In-Q-Tel and two additional strategic investors. […]

Harvest Inks $110M

Harvest Power, the Waltham, Mass.-based developer of renewable energy and fertilizer products from organic waste, mulches and natural fertilizers, has raised $110 million in new funding. True North Venture Partners led the investment with American Refining and Biochemical Inc. Existing investors Kleiner Perkins Caufield & Byers, DAG Ventures and Generation Investment Management also participated. The […]

Recycle Rewards Gets Waste Management Backing

Waste Management, the Texas-based sanitation and recycling company, has made a strategic investment in Recycle Rewards, and its subsidiary, Recyclebank, which tethers discounts to green “action” by consumers. With the investment, from which terms were not specified, Waste Management joins existing Recyclebank investors RRE Ventures, Sigma Partners, Kleiner Perkins Caulfield and Byers, The Westly Group, Generation Investment Management, Top Tier Capital Partners, Physic Ventures and Craton Equity Partners.

Harvest Power Adds $6M

Harvest Power, a developer of renewable energy and fertilizer products from organic waste, said Tuesday that it had extended its $51.7 million Series B financing. Zurich-based SAM Private Equity added a $6 million investment to the round. The company is also backed by Generation Investment Management, DAG Ventures, Keating Capital, Kleiner Perkins, publicly traded Waste Management, Munich Venture Partners, and TriplePoint Capital.

Harvest Power Lands $51.7M Series B

Harvest Power, a company developing renewable energy and fertilizer products from organic waste, has closed on a whopping $51.7 million in Series B financing. London-based Generation Investment Management led the round. Other investors included DAG Ventures, Keating Capital, Kleiner Perkins Caufield & Byers, publicly traded Waste Management, Munich Venture Partners and TriplePoint Capital. The company’s technology is designed to process various kinds of organic waste, including food scraps, yard trimmings, scrap wood and other organics. Harvest Power, which says it is profitable, recently broke ground on its first commercial-scale facility in North America. The new money will help Harvest expand its facilities and technologies.

Al Gore’s Fund Raising $500M for Asian Stocks

Al Gore’s Generation Investment Management will launch a $500 million fund to invest in Asian stocks, Reuters reported, citing a Bloomberg article. The fund, which will be separate from the firm’s venture capital business, will buy shares of Asian companies that are focused on on “economic, social and environmental” sustainability, Reuters wrote. Former vice president Gore formed London-based Generation Investment Management in 2004.


VCs Heed Obama’s Call with More Than $100M For Solar Installation

President Obama emphasized clean energy in his State of the Union address on Monday, calling on the nation to get 80% of its electricity from renewable and other sources by 2035. It seems like the venture community anticipated his plea. Clean energy comes in a number of different flavors, according to Obama. Wind, solar, nuclear, […]

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