CarbonFlow, a San Francisco, Calif.-based developer of carbon trading software, has secured $2.9 million in first round funding. It was led by Clean Pacific Ventures, with OVP Venture Partners and New Zealand-based Meridian Energy, a strategic partner, also taking part. One of the firm’s cofounders is CNET Green Tech contributor Neal Dikeman.
Athenix, a Research Triangle Park, North Carolina-based maker of processes and products for agricultural and bioenergy applications, has raked in $10 million from existing investors Hunt Ventures, Intersouth Partners and Polaris Venture Partners, reports PEHub.
Folsom, Calif.-based Marquiss Wind Power, a manufacturer of roof-top wind turbines, has scooped up Carson City, Nev.-based Cirrus Technologies, a player in the small wind sector. The holder of 7 patents, Cirrus is testing its turbine technology for a major utility.
GreenRoad Technologies, a Redwood Shores, Calif.-based firm with offices in Israel and London, has added another $3 million in funding to its $14.5 million third round, courtesy of Amadeus Capital Partners. The European VC joins previous investors Virgin Green Fund, Benchmark Capital and Balderton Capital.
Deerpath Energy, a Marblehead, Mass.-based developer of micro-wind turbines, has raised $3.5 million in funding from RockPort Capital Partners. Little else is known about the wind startup, which was founded earlier this year by Kellogg Warner.
Water purification technology has drawn increased attention from investors of late. HaloSource just became the most recent company to receive funding, taking a round of $11.5 million for commercialize its device in the developing world.
At first glance, LanzaTech‘s plan to use bacterial fermentation to convert waste gas emissions into bio-ethanol doesn’t seem all that different from the waste-to-biofuel processes developed by other startups, like SequesCO and GreenFuel Technologies.
Following up on its recent $22 million haul, the Toledo, Ohio-based Xunlight Corporation has received another $4.9 million, courtesy of Ohio’s taxpayers. The company, a spin-off from the University of Toledo, is backed by Trident Capital, Emerald Technology Ventures and NGP Energy Technology Partners and has also received R&D funding from the US DOE, Department of Commerce and Ohio Department of Development.
NexTier Networks, a company providing “data leak prevention” technology to help companies comply with their securitiy policies, said it is raising a round of capital.
In another sign of the torrid growth of solar services — the industry that moves solar cells from manufacturers to their new homes on rooftops and in utility installations — Recurrent Energy has secured $75 million from a private equity firm to expand its business.
In the solar cell market, there are three broad categories. Thin-film manufacturers produce cells that convert little of the sun’s energy to electricity, but are dirt cheap. Opposite thin-film, companies like Spectrolab and Emcore make highly efficient, but very expensive cells. Between are the standard solar photovoltaic makers, with average efficiencies, and average prices.
CardioKinetix, a Redwood City, Calif. life sciences startup working on a heart-failure treatment that could potentially help over a million patients, has raised a third round of funding, according to VentureWire.
Austin, Texas-based Nuventix, which makes low cost, energy-efficient cooling technology for LEDs and consumer electronics, has received $14 million in third round funding led by Advanced Technology Ventures. Braemar Energy Ventures also joined the round.
Arisdyne Systems, a Cleveland, Ohio-based manufacturer of alternative fuel technologies, has secured $5.3 million in first round funding. The proceeds will allow the firm to be independently spun off from Five Star Technologies, its parent company.
ArcelorMittal, the world’s largest steel manufacturer, has announced the creation of two new funds: a cleantech venture capital fund which will initially invest $20 million in Miasole and a €100 million ($157 million) carbon fund.
Representing a potential medical quantum leap similar to, but even more important than the commercialization of X-ray imaging, Pacific BioSciences has taken a whopping $100 million to make it possible to affordably map out an individual’s entire genome in a matter of minutes, and for under $1,000 dollars.
Quartz timing is old hat for wristwatches and clocks, but surprisingly enough, it’s still used in state-of-the-art computers. Sand 9 is the latest in a new generation of startups that wants to update timing for silicon chips.
MyoScience, a stealth-mode medical company based in Redwood City, Calif., has taken $10.4 million in a second funding for continuing clinical trials.
Tria Beauty (formerly known as SpectraGenics), the Pleasanton, Calif. maker of a device that uses lasers for hair removal, has raised $30 million in its fifth round of financing.
Hycrete, a Carlstadt, New Jersey-based green cement maker, has nabbed $15 million in third round funding led by Mohr Davidow Ventures. Returning investors included NGEN Partners and RockPort Capital Partners, according to VentureWire.
The still-hot solar sector is proving to be the exception to the current deal-making gloom, with groSolar and SolarWrights announcing their respective acquisitions of Chesapeake Solar and Sunsearch.
When Guy Kawasaki started Truemors, a site for spreading Internet rumors, his intentions weren’t quite clear. Was it an experiment? A joke? The product of too much free time? Or perhaps not too much time — after all, it didn’t look like the site had taken much effort to create. “The plan is simple,” Kawasaki wrote at the time. “Get a site launched in a few months, see if people like it, and sell ads and sponsorships (or not).”
The web, they say, is a great place to learn. And surprisingly, past all the porn, gambling and air-headed social networking, that has turned out to be true. To meet the challenge of educating the masses, there are a wealth of sites offering education and how-to content. Graspr is just one of them.
Tapulous, a new Silicon Valley startup, embodies the craze that’s going on right now around the iPhone.
San Francisco-based drug company Portola Pharmaceuticals has taken a $60 million extension to its third round of funding to see it through Phase II trials for betrixaban, a drug intended to prevent blood clots.
A German solar startup called Sulfurcell has taken a €85 million investment led by €24 million from Intel Capital, for the development of a thin-film material for solar cells.
GT Solar, a maker of silicon-based solar cell manufacturing equipment and production lines, has files for an initial public offering on the NASDAQ stock exchange under the symbol SOLR.
Driverside, a consumer-focused website that aspires to be the one-stop destination for information on cars, has raised its first funding. The investment is for less than $5 million from Catamount Ventures.
Plimus, an e-commerce startup that is in the process of establishing itself in Silicon Valley, has taken an $18 million first round of funding.
Cyber-Rain, an Agoura Hills, Calif.-based maker of wireless sprinkler control systems, has raised $1.5 million in first round funding led by Funk Ventures. Its seed funding round last June was led by Momentum Venture Management; it also has several angel investors.
Yet another company focused on helping businesses with their accounting — and specifically with regulatory compliance — has received its first funding, with $13.6 million going to Sunnyvale, Calif. startup Corefino.
IWatt, a Los Gatos, Calif. company that makes power control products, has taken a fifth round of funding for $12.4 million, led by an unnamed strategic investor.
The spread of solar isn’t limited to rooftops. Solar cells have been creeping into other applications lately, including solar backpacks, a cell phone, and rechargeable lights for the developing world. Now a Berkeley, Calif. company called Better Energy Systems has gotten its first funding for a clever handheld charger.
InSync Software, a startup that makes an application platform for use with RFID, GPD and sensor technologies, has raised $3 million in additional financing for its technology from previous investors Intel Capital, Rustic Canyon Partners and Girish Gaitonde Living Trust.
Innovalight, a San Francisco-based company that makes flexible thin-film solar modules, has taken $5 million in equipment lease financing from ATEL Ventures.
Eka Systems, a Germantown, Maryland-based utility metering company, has completed a $18.5 million fourth round of funding, led by Flybridge Capital Partners. Returning investors included RockPort Capital Partners, The Westly Group and Metropolitan Investments.
SynapticMash, a Seatte-based startup that offers software tools to the primary school market, has raised a first round of $3 million, according to John Cook.
Miasole, the thin-film solar cell maker that is the third member of a triumvirate of heavily-funded CIGS startups including Heliovolt and Nanosolar, has been pretty quiet since losing its CEO and laying off 40 workers late last year. In the interim, there has been plenty of speculation that it was faltering, and might even close its doors.
The latest fuel cell investment is a United Kingdom company called Intelligent Energy, which has taken $13.6 million toward development of hydrogen fuel cells to power vehicles and airplanes.