Thursday, July 06, 2006

EcoSMART Series B, Enpirion Series C

  • EcoSMART, which is developing pesticides based upon natural plant oils, announced a $9mm Series B round, led by RockPort and DFJ Element. Existing investors (from a $6mm 2004 Series A) included Cordova Ventures, Early Stage Partners and Delta Capital (it's unclear from the PR if the existing investors participated in the current round, although it's interesting to note that Michael DeRosa probably brought the deal to Element from Cordova, where he was previously). VentureWire had a nice little profile of the company on Monday, for those with a subscription... The company reports they have a significant patent portfolio after 14 years of operations to date. The funds will be spent on further development and commercialization.
  • Enpirion announced a $20mm Series C led by led by BA Venture Partners, a previous investor. Other investors include Canaan Partners, Columbia Capital, Intel Capital, RRE Ventures, SAS Investors and Xilinx. Why is a fabless semiconductor, DC to DC power conversion company "cleantech"? They're posted here for inclusiveness, since their systems claim to be able to double battery life for mobile devices. Readers will decide for themselves how that might fit into their own categorizations of energy efficiency and energy storage technology...


Blogger Dan Ashton said...

While a lot of attention has been given the problem with investing in ethanol in the US (and rightly so) there are tremendous opportunities outside of the US, in particular in Brazil. The energy balance of sugar cane ethanol is unquestionably positive approximately 8 times better yield than corn. This allows a cost of $0.83/gallon vs the cost of US ethanol at $1.09/gallon. The US cannot possibly meet the demands in the short to medium term with domestic ethanol and is considering reducing or eliminating the current tariff to facilitate ethanol adoption. Even without this reduction Brazil can dehydrate their ethanol in the Carribean and bypass the tariff through CAFTA. Other countries especially Japan are anticipating increased imports from Brazil. Brazilian exports of ethanol are expected to double in the next 10 years and producers are looking for investors to help them expand production.
Check out for connections to Brazilian plants looking for smart investors.

1:21 PM  

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