A news and commentary blog for those interested in venture capital in clean technologies.
Friday, March 31, 2006
Cleantech investor news
Garage Technology Ventures, which has invested in several cleantech startups including Hoku Scientific and Miasole, announced the formation of a new seed-stage fund. Backers include Thomas Weisel Global Growth Partners, DFJ, Silicon Valley Bank, and E-Trade. The new fund will co-invest alongside the firm's original fund. Good quote from managing director Bill Reichert: "The world doesn't need another $250 million fund chasing the same billion-dollar startups. Our mantra is, 'Small is Beautiful.'"
Idealab, which has backed solar concentrator startup Energy Innovations, has agreed to pay off the $50m personal loan of founder Bill Gross. Here's a long article with some details.
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