Apologies for falling behind a bit lately on the posts, as a new addition to the family has been requiring complete attention in recent days... That hasn't stopped news of various cleantech fundings, however:
- Agrilink, an Australian developer of automated irrigation systems which optimize water use, announced an A$3M raise from British venture firm WHEB Ventures. The claimed savings reach 50% of water usage. Agrilink's approach is comparable to that of US firm Hydropoint and others.
- H2O Innovation (TVX: HOI), which is developing clean water technologies, announced the final C$1.55M round of a series of private placements (the prior C$1M round was in November), as well as a recap. Total investment in the private placement to date appears to be around C$6M. The press release has many details about the recapitalization.
- Tubel Technologies, whose hydrocarbon extraction optimization technologies fall squarely in a big grey area for cleantech investors (some would say it is resource efficiency, some would say it isn't), closed a second round of venture financing of an undisclosed amount. Chevron Technology Ventures' CTTV Investments arm joined existing investor Altira in the round. "Downhole" sensing technologies, part of Tubel's approach, have been seeing a lot of entrepreneurial activity in recent years.
- XsunX (OTCBB: XSNX) announced a $5M raise of secured convertible debentures from Cornell Capital. XsunX is developing thin-film solar technology for application on windows. As previously mentioned here, the raise is part of a larger commitment by Cornell Capital.