Northwater Capital leads $11.2 mln funding in MTPV Power

Northwater Capital Management’s Intellectual Property Fund has led an $11.2 million Series B1 funding in MTPV Power Corporation, a clean energy company that converts heat to electricity using semiconductor chips. Other investors in the funding included Total Energy Ventures, the venture capital arm of oil and gas company Total; SABIC, the Saudi Basic Industries Corporation, which makes chemicals, plastics and metals; and Point Financial, a venture debt provider based in Arizona. Funding also included new independent investors and follow-on commitments from Spinnaker Capital, Ensys Capital, the Clean Energy Venture Group and several other existing shareholders.

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. […]

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