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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