Khosla Ventures related stories
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Rennovia Raises VC To Make Chemicals from Renewable FeedstockRennovia, an early-stage chemical development company, recently raised $6 million in startup funding from 5AM Ventures and Versant Ventures, according to regulatory documents. The funding is the first infusion of a proposed $12.3 million Series A round that the company is seeking, documents show. The stealth Menlo Park, Calif.-based startup is working to make specialty chemicals from renewable feedstock. The company has not disclosed what chemicals it will make. A chemical company such as Rennovia is something of an anomaly in Silicon Valley, where information technology and life science companies vie with cleantech for attention from venture capitalists. Still, some VCs are willing to go out on a limb for a compelling chemistry process applied to an industry that has long relied on petroleum as the principle input for its products.
- Khosla raises $1B for renewables, cleantech and IT
Khosla's fund-raising efforts is a sign perhaps that skittish investors are hot for climate-change-related projects
- Rennovia raises $12M, joins biochemicals fray
Silicon Valley startup vies to swap petroleum out of chemical production equation with $12M financing
- Rock & A Hard Place: Cleantech Startup Suspends Drilling
Backed by over $30 million in venture capital and a $6.25 million DoE grant, AltaRock Energy has been drilling in Northern California geysers to establish pathways to hot rock, which it wants to inject with water to capture heat that would generate electricity. Yesterday, AltaRock suspended the project, citing "physical difficulties" in the drilling of its first well, "resulting from geologic anomalies particular to the formation underlying this well location." It claims to have not given up, instead saying that it's evaluating other locations for drilling with a reminder that it's filed 20 patents.
- Rock & A Hard Place: Cleantech Startup Suspends Drilling
Backed by over $30 million in venture capital and a $6.25 million DoE grant, AltaRock Energy has been drilling in Northern California geysers to establish pathways to hot rock, which it wants to inject with water to capture heat that would generate electricity. Yesterday, AltaRock suspended the project, citing "physical difficulties" in the drilling of its first well, "resulting from geologic anomalies particular to the formation underlying this well location." It claims to have not given up, instead saying that it's evaluating other locations for drilling with a reminder that it's filed 20 patents.
- Khosla Ventures Announces New Funds, Partners
Khosla Ventures has closed two new funds with more than $1 billion in capital commitments. Khosla Ventures III was targeted at $750 million, and will focus on early and mid-stage venture investments in the cleantech and IT spaces. Khosla Ventures also was targeting $250 million for its first seed-stage fund. The two new partners are: Gideon Yu, former CFO for Facebook, and Jim Kim, previously a senior partner with CMEA Capital (peHUB reported Kim's hiring last month).
- peHUB Wire: Tuesday, September 1, 2009
Random Ramblings
- peHUB Wire: Tuesday, September 1, 2009
Random Ramblings
- CalPERS takes a hit
Despite poor performance, pension fund keeps its aggressive investment philosophy
- Week in deals, Aug. 31, 2009
Summary of North American tech companies and other businesses that raised venture financing in the past week