A news and commentary blog for those interested in venture capital in clean technologies.
Wednesday, December 14, 2005
Solar still hot: Carmanah and Cyrium announce raises
Carmanah Technologies, an integrator of solar PV and LED lighting for a variety of outdoor lighting solutions, announced a $15M private placement. Carmanah is publicly-traded (on the TSX Venture exchange), and has made acquisitions in the past.
Cyrium Technologies, which is developing next generation solar products using nanotechnology (specifically, "quantum dots"), announced a $3M raise led by Pangaea Ventures Fund, with participation from seed funders Chrysalix and BDC.
On non-solar matters, for today's amusing see this article in Wired News. Best quote: "Eighty percent or more of the ideas that come directly to us violate the laws of physics..."
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