Cleantech Investing: Cleantech investors in the news

Wednesday, August 02, 2006

Cleantech investors in the news

As part of their SolFocus investment announcement, NEA served notice that they're planning on spending more effort on "energy-related firms." They're already investors in Konarka, Glacier Bay, Ion America, and other cleantech investments...

(Self-promotion alert) Expansion Capital Partners announced a subsequent close of the Clean Technology Fund II, LP; current commitments total more than $55mm. Modesty prevents me from giving effusive coverage of this announcement -- fortunately, there's a good Red Herring article and the ever-quick Matt Marshall at SiliconBeat to do that for me!

Chrysalix Energy, one of the first clean-energy-dedicated venture capital funds, also announced the successful close of their second fund today, at C$70mm. Limited partners in the new fund include Robeco, Saristar Enterprises (advised by Consensus Environment), Citigroup Venture Capital International, Teachers’ Private Capital, West LB Mellon Asset Management, Delta Lloyd, Kuwait Petroleum Corp, Essent, Mitsubishi Corporation, BASF Venture Capital and Shell Hydrogen among others. The announcement also lists some of their initial investments out of the fund, across a broad range of clean energy technologies.

According to Private Equity Insider's fundraising tracker, another clean-energy-dedicated venture capital fund, Nth Power, completed a $70mm first close of their fourth fund back in June.

So kudos all around!

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What is "cleantech"?

The term "cleantech" refers to technologies that:

- Use energy, water and other raw materials more efficiently and productively,

- Deliver equal or superior performance,

- Improve customer profitability, through cost reduction and/or increased revenues, and

- Create less waste or toxicity

...compared to incumbent technologies

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