Wind Power Holdings snags $37M for wind turbines
As the rest of the economy tanks, the cleantech sector has remained buoyant, with investors continuing to dump cash into wind, solar and other renewable energies. Banking on a recent wave of enthusiasm for wind power, Barre, Vt.-based Northern Power Systems announced that its parent company, Wind Power Holdings, has raised $37 million in first round funding.
The round was co-led by Allen & Company and RockPort Capital Partners. The proceeds will be used to expand… Continue Reading
Source: Digg hires bank, hoping to sell for $300 million or more
It’s been a little more than a month since the last rumors surfaced about social news site Digg trying to sell itself for at least $300 million.
A reliable source just confirmed the company’s plans, noting the company has hired Allen & Company, a tiny but influential private investment firm, to help broker a deal. The asking price is still $300 million, the source said.
This will come as no surprise. Rumors of a sale have been… Continue Reading
WeatherBill, a site for betting against bad weather, gets $12.5 million
Updated
WeatherBill, a company that lets you make money by betting on the weather, has raised $12.5 million.
The San Francisco-based company sells contracts that essentially let you put money down against bad weather hurting your business, so you can still get paid even if your business itself suffers.
You can choose your contract to be for hot, cold, rainy, snowy or dry days or seasons, and customize every specific aspect of your scenario, such as the temperature,… Continue Reading
Video service Brightcove raises $59M
Brightcove, a company that gives media outlets and other businesses a platform to deliver online video, has raised a whopping $59 million in a third round of funding.
Amid the trend of consolidation hitting the sector, this funding will help tide the company over. There are oodles of other companies doing something similar, from Twistage, to Reality Digital, vSocial and GridNetworks.
Besides, no one can afford to let Brightcove go under. All kinds of media groups are… Continue Reading