4 min read · 16 September 2008
PowerGenix Inc., a San Diego-based nickel-zinc rechargeable battery maker, has raised $30 million in Series D funding. Bessemer Venture Partners led the round, and was joined by return backers Angeleno Group, Advent International, Braemar Energy Ventures, Granite Ventures, OnPoint Technologies and Technology Partners. The company has now raised over $60 million in total VC funding. A prior report had put the round at $23.5 million, based on a regulatory filing.
3 min read · 16 September 2008
SolarReserve, a Santa Monica, Calif.-based developer of utility-scale renewable energy solar power plants, has raised $140 million in second-round funding. The deal was co-led by Good Energies and Citi’s Sustainable Development Investments. Other participants included US Renewables Group, PCG Clean Energy & Technology Fund, Nimes Capital and Credit Suisse.
7 min read · 16 September 2008
3 min read · 16 September 2008
1 min read · 16 September 2008
Bayer HealthCare has agreed to acquire Direvo Biotech AG, a Germany-based developer of a protein engineering platform that uses high-throughput technologies for the discovery and optimization of biopharmaceuticals. The deal is valued at approximately €210 million in cash. Direvo has raised around $42 million in VC funding since 2000, from firms like TVM Capital, Signet Healthcare Partners, Danisco Ventures, Mulligan BioCapital and NRW Bank.
4 min read · 16 September 2008
3 min read · 16 September 2008
FRiENDi mobile, a mobile virtual network operator in the SAMEA region, has raised an undisclosed amount of VC funding from Millennium Private Equity, a subsidiary of the Dubai Financial Services Authority. FRiENDi mobile previously raised funding from ePlanet Ventures.
3 min read · 15 September 2008
4 min read · 15 September 2008
Mike Dodd has joined Austin Ventures as a venture partner. He previously was senior vice president of corporate development for Omniture Inc.
2 min read · 15 September 2008
