Menlo Park, Calif.-based camera platform InVisage Technologies has appointed cinematographer Emmanuel Lubezki to its advisory board. Lubezki has won two Oscars in cinematography for his work on the films “Gravity” and “Birdman: Or (The Unexpected Virtue of Ignorance).” InVisage is backed by GGV Capital, Nokia Growth Partners, RockPort Capital, InterWest Partners, Intel Capital, Oceanwide and OnPoint Technologies.Continue
Battery startup Qnovo Inc has secured $8.6 million in Series B funding. The investors included Intel Capital, RockPort Capital, US Venture Partners and Blue Run Ventures.Continue
New York City-based Honest Buildings, a commercial real estate marketplace that connects industry professionals, has raised $5 million in funding. Circle Ventures led the round with participation from Thrive Capital, Westly Group and Rockport Capital.Continue
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.Continue
Lexington, Massachusetts-based FirstFuel Software, a customer intelligence platform for energy providers, has raised $23 million in Series C funding. The investors included Next World Capital, Electranova Capital, Battery Ventures, Rockport Capital, Nth Power and E.ON SE. In conjunction with the funding, Tom Rikert, a partner at Next World Capital, has been appointed to FirstFuel’s board of directors.Continue
Menlo Park, Calif.-based camera platform InVisage Technologies has received $32.5 million in funding. The investors in this round included China Oceanwide USA Holdings, GGV Capital, Nokia Growth Partners, InterWest Partners, Intel Capital and RockPort Capital.Continue
Taxi app Flywheel has closed $12 million in Series C funding. The investors were TCW/Craton, Rockport Capital and Shasta Ventures. According to the firm, the capital will be used for growth and expansion.Continue
NewLeaf Symbiotics has closed a $17 million Series B round of financing. Otter Capital led the round and was joined by existing investors RockPort Capital, Open Prairie Ventures and Pangaea Ventures. The company is a St Louis, Missouri-based agricultural bio company focused on the commercialization of beneficial plant bacteria.Continue
Enlighted said Wednesday that it has raised $20 million in Series D funding. The investors were previous backers Draper Nexus Ventures, Kleiner Perkins Caufield & Byers, RockPort Capital Partners, Draper Fisher Jurvetson and Intel Capital. Based in Sunnyvale, Calif. and India, Enlighted is a provider of efficiency solutions for commercial environments.Continue
InVisage Technologies has received $18 million in funding. Investors included GGV Capital, Nokia Growth Partners, RockPort Capital, InterWest Partners, Intel Capital and OnPoint Technologies. Also, InVisage has hired Ephraim Kwok as chief financial officer and Emanuele Mandelli as vice president of engineering. Based in Menlo Park, Calif., InVisage is a fabless semiconductor firm.Continue
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.Continue
InVisage Technologies, Inc. said it raised a Series D round led by GGV Capital and joined by Nokia Growth Partners along with existing investors RockPort Capital, InterWest Partners, Intel Capital and OnPoint Technologies. The company did not release the size of the round.Continue
FirstFuel Software said it raised $10 million in a round led by RockPort Capital and joined by existing investors Nth Power and Battery Ventures. The investment will enable the Massachusetts company, that addresses the commercial building energy analytics market, to expand in the utility and government markets. PRESS RELEASE FirstFuel Raises $10 Million in Series […]Continue
RockPort Capital has promoted Abe Yokell, Daniel Hullah and Dhiraj Malkani to partners at the firm. Yokell, who helped open the firm’s Menlo Park office, has been with RockPort since 2004. Hullah and Malkani joined RockPort in the Boston office in 2006. Formed in 2000, RockPort Capital has offices in Boston and Menlo Park.Continue
Chrysalix Energy Venture Capital has backed GaN Systems, a provider of next generation power conversion semiconductors for cleantech applications. The firm’s investment from its CELP III Fund led the Series A round for the start-up and is joined by Rockport Capital. PRESS RELEASE Today, Chrysalix Energy Venture Capital, the world’s most active cleantech venture capital […]Continue
GaN Systems said it raised a Series A found of financing in a deal led by Chrysalix Energy Venture Capital‘s CELP III Fund and joined by Rockport Capital. The Ottawa startup makes power conversion semiconductors for cleantech applications. PRESS RELEASE Chrysalix Invests in Gallium Nitride Power Conversion Semiconductor Company GaN Systems’ technology stands to change […]Continue
You just love to look at yourself, don’t you? Photos of our recent San Francisco Shindig were by far the most popular post on peHUB this week, judging by pageviews from our regular readers. Other top posts included Connecticut’s biggest hits and misses with PE and VC investments, Ben Smith’s take on entrepreneurship and Halsey Minor’s reflections on Steve Jobs.
ONE: Shindig Photos: Lookin’ Good, San Francisco! – by Lawrence Aragon
TWO: Connecticut’s Biggest PE/VC Hits and Misses (slideshow) – by David Toll
THREE: Ben Smith: There’s More to the Startup Game than a Post-Exit Payday. It’s Called Fishing – by Ben Smith
FOUR: SLIDESHOW: Ivy League Endowments – Who Did Best In FY2011? (subscribers only) – by Gregory Roth
FIVE: Ex-Houlihan Bankers Launch Firm to Target Technology & Services Companies in D.C. – by Luisa Beltran
SIX: Woof! Woof! The 10 Biggest Dogs in UTIMCO’s Portfolio (slideshow) (subscribers only) – by Lawrence Aragon
SEVEN: Halsey Minor: What Steve Jobs Taught Me – by Halsey Minor
EIGHT: Lynn Tilton Didn’t Get Her Reality Show But Will Be on 20/20 This Week – by Luisa Beltran
NINE: Q3 VC Deals Surge in NY, Texas and Northwest, But Falter in New England, LA and Midwest (slideshow) – by Mark Boslet
TEN: RockPort Feels Pain from Betting Big on Solyndra, Going ‘All In’ on Cleantech – by Nichola Groom and Sarah McBride, Reuters
(Reuters) – David Prend is one of the most respected investors in green technology — but even he picks some losers.
Like the Department of Energy, Prend thought Solyndra, an innovative solar company, was a good bet. His venture capital firm, RockPort Capital, began investing in the company three years before the federal government gave the startup a loan guarantee. RockPort eventually put more than $63.5 million into Solyndra.
As revealed in emails released by the White House, Prend, who sat on the company’s board, also touted the company to President Barack Obama’s staff as a stellar example of green job creation and urged the president to visit its California plant.
But the Solyndra bet went bad — for Prend, the DOE, and other investors such as Henry Kravis and Richard Branson. That’s not so unusual in the field of green tech. A closer look at Prend’s portfolio …Continue