Cleantech Investing: Stirling Danmark raises approx. $2M; SJF closes on $15M

Monday, March 13, 2006

Stirling Danmark raises approx. $2M; SJF closes on $15M

Stirling Danmark, a Danish manufacturer of biomass-fueled Stirling engines for power generation with zero CO2 impact, has raised approximately $2M in seed financing. Funders include EGJ Development Ltd., SEED Capital and Vaekstfonden. The company will be looking to hire a CEO, and hopes to achieve revenues of 20m euro within five years.

SJF Ventures, which focuses on cleantech and workforce innovation investments, has closed on $15M in commitments to their second fund. Investors in the fund include Calvert Social Investment Fund, Deutsche Bank, MBNA, Wachovia, Merrill Lynch, HSBC, State Street, KeyBank, and The F. B. Heron and Mary Reynolds Babcock Foundations.

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Monday, March 13, 2006

Stirling Danmark raises approx. $2M; SJF closes on $15M

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