Cleantech Network to raise $10M for green conferences, consulting

Cleantech Network, the San Francisco media and conference company specializing in the area of green technology, is about to finish raising $10 million in financing, according to VentureWire (subscription required).

Reached by VentureBeat this morning, founder Nicholas Parker said he “can’t comment on rumours.”

Credit Suisse Group and U.K. investment firm Consensus Business Group provided the financing, which adds to funding already provided the company earlier by Sail Venture Partners and entrepreneur Bob Epstein.

According to the report, Credit Suisse and Consensus Business help manage the MASDAR Clean Technology Fund, recently created by the Abu Dhabi government. That fund might benefit from access to Cleantech Network’s reports, databases and other research on the clean-tech industry, as well as its industry conferences.

Cleantech Network is apparently already profitable, but wants to expand its consulting business.

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About the Author,

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.

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