Alphabet Energy Inc. said it raised $16 million in Series B financing. The round was led by Encana Corp. and joined by existing investors Claremont Creek Ventures, TPG Biotech and the CalCEF Clean Energy Angel Fund. The funding allows the company to speed up product development and launch its first product, a device that generates electricity from the exhaust flows of engines in industrial applications.
5 min read · 11 March 2013
The Santa Monica, Calif.-based firm posted an IRR of 154.7%, as of March 31, 2012
2 min read · 11 March 2013
Long time head of the National Venture Capital Association Mark Heesen announced on Thursday that he would step down from his post when a successor is found. After 22 years with the association and 14 as its president, he said it was for time for new blood. Here is Heesen in his own words.
3 min read · 08 March 2013
No word yet on when his replacement will be named
7 min read · 08 March 2013
Mark Heesen, the tireless head of the National Venture Capital Association for 14 years, announced on Thursday his intention to retire from his role as the nation’s top lobbyist for the venture capital industry.
2 min read · 07 March 2013
Venture capital and private equity investing rose to a 5-year high across Latin America last year with firms putting $7.9 billion to work, a 21% increase over 2011. The data comes from the Latin American Private Equity and Venture Capital Association, which found that 237 deals were done, an increase of 37% from a year ago.
3 min read · 06 March 2013
Innovid said it raised $11 million in Series C funding from existing investors Sequoia Capital, Genesis Partners, and T-Venture and new investor Vintage Investment Partners. The funding will enable the company to expand to new screens, including gaming consoles, connected TVs and broadcast TVs, alon with supporting its growth in video ad delivery to PCs, mobile devices and tablets.
3 min read · 06 March 2013
Fenwick & West released a new version of its Series Seed documents on GitHub. The law firm first released its term sheet documents in 2010 and says they have been used by many startups and some Silicon Valley venture capital firms. The new documents represent Version 3.0.
3 min read · 06 March 2013
Venture investors pouring money into big data and the mobile enterprise opportunities should find encouragement in a new study from Sierra Ventures. The study, released Tuesday, finds that both big data and mobile devices for the enterprise are on the radars of IT execs at Fortune 500 corporations.
1 min read · 05 March 2013
Foundation Medical Partners said Kevin Sharer has joined the firm as a partner. Sharer was most recently chairman and CEO of Amgen, serving as Amgen CEO from 2000 to 2012 and chairman since 2001.
2 min read · 04 March 2013
