Green investing bounces back from recession

Green investing bounces back from recession

Venture Capital investment in green technology companies has jumped to tie pre-recessionary levels, according to a new report out of Greentech Media. With $1.9 billion spread over 112 deals, this year’s third quarter trounced figures from earlier this year, signaling a stronger than anticipated comeback… Continue Reading

Serious Materials puts together $60M for green building supplies

Serious Materials puts together $60M for green building supplies

Serious Materials, a developer and manufacturer of green building materials like windows and drywall, announced today that it has brought in $60 million in a third round of venture funding. The Sunnyvale, Calif. company didn’t say how it plans to use the money, though it… Continue Reading

Simply Hired hits profitability with new $4.6M

Simply Hired hits profitability with new $4.6M

Simply Hired, a job listing search engine based in the Silicon Valley, announced today that it has crossed into profitability with a new $4.6 million in fourth-round capital from IDG Ventures and Foundation Capital. The company is also marking four consecutive quarters of positive cash… Continue Reading

EnerNOC raises $78.1M with secondary offering

EnerNOC (ENOC.O) has sold off 3.75 million shares of common stock, with each share priced at $27. The sale would raise $101.3 million total for the demand response leader. About 625,000 of these shares (worth $17 million) are coming out of Foundation Capital’s stake in… Continue Reading

EnerNOC files for secondary offering, scales down Foundation stake

EnerNOC files for secondary offering, scales down Foundation stake

Public demand response company EnerNOC has filed to sell an additional 3.75 million shares of common stock — including shares currently owned by investor Foundation Capital, which is attempting to dial down its ownership. The Boston-based company says it plans to use the money raised… Continue Reading

SunRun takes $18M, advice from Accel to make solar consumer-friendly

SunRun takes $18M, advice from Accel to make solar consumer-friendly

SunRun, a company that sells rooftop-generated solar power to residential consumers for flat monthly fees (and a one-time startup cost), announced today that it raised $18 million in a second round of funding to market its services even more broadly.

Backed primarily by Accel Partners, SunRun… Continue Reading

ONStor sells for $25M, taking $105M in capital down with it

ONStor sells for $25M, taking $105M in capital down with it

ONStor, the ill-fated maker of data storage equipment for enterprises, has sold to software provider LSI Corporation for about $25 million, a paltry sum compared to the $130 million in venture capital it raised since its founding in 2001.

The big losers in the deal are… Continue Reading

eMeter takes $32M to help utilities switch to smart meters

eMeter takes $32M to help utilities switch to smart meters

eMeter, maker of software that helps utilities integrate data channeled from new smart meters in residential and commercial areas, has brought in $32 million in a third round of funding to meet rising demand.

While this financing, provided by Sequoia Capital and Foundation Capital, will help… Continue Reading

Report: Yahoo acquires Xoopit; will Yahoo Mail get even more social?

Report: Yahoo acquires Xoopit; will Yahoo Mail get even more social?

Yahoo is about to acquire Xoopit, a startup that brings social tools into email programs like Yahoo Mail and Gmail, for $20 million, according to multiple press reports.

The Wall Street Journal and BoomTown (both owned by Dow Jones, incidentally) have reported on the deal —… Continue Reading

AdWhirl raises $1M for ad platform

AdWhirl raises $1M for ad platform

One problem iPhone app developers wrestle with is which ad network to sign up with. It can take a couple of weeks to switch ad providers because the app needs to be re-approved by Apple.

AdWhirl is what computer programmers would call a meta-network. Through AdWhirl,… Continue Reading

Horsley Bridge closes $1.5B fund of funds

Horsley Bridge Partners, a San Francisco firm that invests in venture capital and small buyout firms, has closed a new fund of funds at $1.54 billion targeted specifically for Europe and Asia, reports VentureWire. Existing limited partners provided 95 percent of the financing, but the… Continue Reading

Freewheel nabs $12M for online video advertising

FreeWheel, an online video advertising platform that helps broker revenue-share deals between content providers, distributors and publishers, has closed $12 million in a third round of funding provided by Foundation Capital and Battery Ventures.

Based in San Mateo, Calif., the company counts Joost, Next New Networks… Continue Reading

Data switch-maker Hammerhead dead in the water

Telecom data-switching company Hammerhead Systems has folded due to the poor economy, reports VentureWire. Specifically, the Mountain View, Calif.-based company failed to recruit enough mobile carriers as customers for its Ethernet aggregation switches, which rout data from mobile users back to operator networks.

The company claims… Continue Reading

Silver Spring pumps another $15M into smart grid tech

Silver Spring pumps another $15M into smart grid tech

Silver Spring Networks, a company that wirelessly connects residential smart meters with utilities, has added another $15 million to its now $90 million fourth round of funding, reports VentureWire. Open since October, the round will help the company expand and bring more utilities into its… Continue Reading

Numerate racks up $5.5M for drug engineering technology

Numerate, a San Bruno, Calif.-based biotech company that streamlines pharmaceutical production pipelines and intellectual property protections, brought in $5.5. million in a second round of funding, according to peHUB. Called the Drug Engineering Process, its system helps research teams set and methodically achieve milestones across… Continue Reading

Pixazza nabs $3.1 to turn web images into e-commerce links

Pixazza, a company that lets web publishers turn their images into links where users can buy whatever is pictured, just brought in $3.1 million of an anticipated $5.22 million first round of funding from CMEA Ventures, August Capital and Foundation Capital, reports VentureWire. The Mountain… Continue Reading

Compliance software maker Autonomic fails to rebrand, shutters

Autonomic Networks, the very recently reinvented version of Vernier Networks, has finally given up the ghost after failing to raise a new round of capital. The Mountain View, Calif.-based maker of software that monitored compliance with network security protocols had just launched a beta of… Continue Reading

Jasper Design connects $7M for circuit verification software

Jasper Design Automation just raised $7 million in fourth round funding from ZenShin Capital, Cambrian Ventures, Foundation Capital and Accel Partners, reports VentureWire. The Mountain View, Calif. company makes software that allows chip designers to check that new features or changes they introduce don’t interfere… Continue Reading

Pano Logic closes $6M more for virtual desktops

Pano Logic, a Menlo Park, Calif.-based provider of software and computing equipment used to run virtual Windows desktops from data centers, has brought in $6 million more, upping its second round of funding to $18 million. It already has a customer base of 150, including… Continue Reading

Textbook site Chegg.com raises $25M from Kleiner Perkins

Textbook site Chegg.com raises $25M from Kleiner Perkins

Textbook rental site Chegg.com announced today that it has raised $25 million in a third round of funding led by Kleiner Perkins Caufield & Byers and Foundation Capital.

That’s an impressive amount of cash, especially with the current economy and what some see as Kleiner’s move… Continue Reading