CellFor raises $24.5M for cloned trees
Like ImageTree, a startup we reported on two weeks ago, CellFor’s cleantech angle is forest management, aided by the about-face the timber market has had in the last few years.
CellFor, a Vancouver, British Columbia company, clones trees through a process called somatic embryogenesis. The trees it produces grow quickly and predictably, and tend to be resistant to diseases.
Those are desirable traits to forest owners, many of whom are now hedge funds and investment vehicles called… Continue Reading
Segway gets $10M more — to shun white elephant status
Segway, the maker of the high-tech scooter-like self-balancing vehicles, has raised $10.12 million of a planned $20 million third round of capital, according to a regulatory filing cited by PEhub.
When it launched, the Segway was hyped as the next new thing. But it failed to meet expectations. The company has had a topsy-turvy ride — getting banned in various public places, and recalled for technical problems. On the other hand, just enough people are buying… Continue Reading