Friday, January 26, 2007

MIOX raises $14.5mm Series B

Water purification equipment manufacturer MIOX Corp raised a $14.5mm Series B, led by Sierra Ventures and including participation by Tao Capital and the New Mexico Community Capital Fund, Flywheel Capital and existing investors. The company last raised a $12mm Series A in 2005. VentureWire (no link) reports that 2006 revenue was "under $20mm", and that the funding will be used to finance a "very aggressive growth path."

In other cleantech news, VentureWire also reported (again, no link) today that Technology Partners (including cleantech champion Ira Ehrenpreis) is expected to close on $200mm of an anticipated $250-300mm Fund VIII by March. The firm now focuses on health care and cleantech... And according to the article, they're looking to hire another cleantech partner to work with Ira.


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