Navitas Capital related stories
All articles and analysis
VC-Backed SCL Elements Acquired by Schneider ElectricSCL Elements, Inc., a Montréal, Quebec-based company that works with systems integrators, resellers, and OEMs on software set-ups to held optimize buildings' energy consumption, has been acquired by French energy management specialist Schneider Electric SA. The financial terms of the deal were not published. SCL Elements has since 2011 been backed by US clean-tech venture capital firms Navitas Capital and The Westly Group.
- Lunera Lighting Adds $14.3M, According to Filing
Lunera Lighting Inc., a maker of next-generation LED lighting, has added $14.3 million in equity and debt financing, according to a recent filing http://sec.gov/Archives/edgar/data/1535962/000153596211000001/xslFormDX01/primary_doc.xml with the Securities and Exchange Commission. The round is planned to top out at about $23.3 million, according to the filing. The company’s board includes Gary Dillabough, a managing partner of The Westly Group; Steve Westly, the co-founder of The Westly Group; and HC Bailly, president of RCG Ventures.
Light Me UpVCs are far from pretty reckless when it comes to LED investments, but interest in the sector is growing, thanks to a push to replace incandescents
- Hara Adds $25M Series C
San Mateo, Calif.-based Hara raised $25 million in Series C financing, bringing its total raised to $45 million. Investors include Energy Technology Ventures, ITOCHU Technology Ventures, Kleiner Perkins Caufield & Byers, JAFCO Ventures, Nth Power, Focus Ventures and Navitas Capital. The money will help Hara expand its produce development. The company develops environmental and energy management software.
- Soladigm Adds $10M to Close Series C
Milpitas, Calif.-based Soladigm, which develops highly energy-efficient dynamic glass for buildings, has raised an additional $10 million in financing, closing its Series C round with a total of $40 million. New investors The Westly Group and Navitas Capital contributed to the round, as did the company’s existing shareholders: San Francisco-based DBL Investors and Cayman Islands-based firm Nano Dimension. GE Energy Financial Services, Khosla Ventures and Sigma Partners.
- Top VC Recipients of 2009 (so far)
In light of Twitter having raised over $135 million in VC funding so far this year (new round plus January round), I figured it was time for a Top 10 list of 2009 venture recipients. And, no, Twitter is not in the top spot. That honor goes to Clovis Oncology, which raised over $146 million in a Series A round four months ago. A few metrics notes: (1) The list only includes U.S.-based companies. It didn't appear that any non-U.S. companies qualified and, if they did, I didn't want to get bogged down in currency disputes; (2) The list aggregates all VC funding secured in 2009, rather than individual rounds; (3) The calculations do not include government funding (grants, etc); (4) The ability to secure lots of VC dollars does not necessarily correlate to a strong company or strong returns. So, without further ado, get the full list after the jump...
- Week in deals, Sept. 28, 2009
Summary of North American tech companies and other businesses that raised venture financing in the past week