Cleantech Investing: World Energy Labs and Novazone announce raises

Thursday, December 14, 2006

World Energy Labs and Novazone announce raises

(self-promotion alert) Extremely happy to mention this one... World Energy Labs, which has developed breakthrough analytics for batteries and a broad range of electronic equipment (including fuel cells and other non-storage applications), has announced a $5.4mm Series B led by Expansion Capital Partners. The company's electrochemical impedance spectroscopy-based technology and products promise dramatic improvements in the way energy storage and electrochem devices of all types and flavors are operated and monitored, as well as in quality control during manufacturing.

Novazone, which is developing ozone-based systems for the sanitization of drinking water and food/ agricultural products, announced a $7mm Series B led by Chrysalix with participation by existing investors Foundation Capital and Grauer Capital. The funds will be used for working capital and new product development. Novazone is particularly benefiting from the food contamination episodes that have been in the news recently.

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