Hear from CIOs, CTOs, and other C-level and senior execs on data and AI strategies at the Future of Work Summit this January 12, 2022. Learn more
Instead of launching a second fund, Greenhouse Capital Partners has decided to reopen its $12 million first fund to raise even more, reports VentureWire. Based in Sausalito, Calif., the firm typically backs seed-stage cleantech startups. It had hoped to raise $100 million when it set out last year, but had its dreams dashed when the downturn set in.
By raising more, Greenhouse hopes to add two to three more companies to its current portfolio of nine — which includes two solar startups and one wind operation. This goal won’t require that much more, considering most of the startups receive less than a million each. The firm hopes to branch into other areas of cleantech as well, increasing its focus on demand-side software solutions, carbon trading systems, sustainable building materials, green consumer products and energy efficiency concepts.
Breaking from its emphasis on early-stage green startups, Greenhouse has also invested in a diagnostics maker and a sales intelligence software company. And it chipped in on a third round of funding for solar silicon ingot maker Solaicx. Its portfolio includes LifeFactory, maker of eco-friendly baby bottles, and HidLabs, provider of efficient commercial lighting. Most recently, it invested in Renewable Fuel Products, a company testing vegetable oils for transportation fuel capabilities.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more