Friday, August 26, 2005

Notes from the week: International Mezzo, Intellon, Intechra

  • International Mezzo Technologies, which uses nanotechnology to develop efficient heat exchangers, announced a $1M first round of funding earlier this week. Funds were provided by individual investors, Louisiana Fund I, and the Louisiana Technology Fund.
  • More information came out about Intellon's recent Series B, in which Motorola Ventures participated. Now it's been announced that the total round was $24.5M, and was led by BCE Capital (affiliated with Bell Canada), and also included Goldman Sachs, Intel Capital, and existing investors Comcast Interactive Capital, Duchossois TECnology Partners, Enertech Capital, Fidelity Ventures, HydroQuebec CapiTech, Liberty Associated Partners, Philips Venture Capital Fund, TL Ventures and UMC Capital Corporation. The presence of EnerTech Capital among the funders speaks once again to the cleantech (or at least energy-related) aspects of the broadband over powerline technology.
  • Intechra, a recycler and remarketer of computers and other IT equipment, received a $4M Series B led by Chrysalis Ventures, along with existing investors Votum Capital and Clayton Associates. The funding will be used for expansion and acquisitions.
  • Novariant (we've mentioned briefly before) announced the acquisition of Cultiva into Novariant's ag division AutoFarm. The company provides technologies such as GPS and autosteering technologies for the agricultural industry, increasing efficiency of chemicals applications and reducing soil erosion, etc. According to PE Week Wire, "Novariant has raised over $33 million in VC funding from firms like Clearstone Venture Partners, SpaceVest, Marubeni Corp., Kirlan Venture Capital, Arcturus Capital, Pacifica Fund and Yasuda Enterprise Development."


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