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Konarka Raises $20 Million from Konica Minolta, Signs R&D DealKonarka Technologies Inc., a Lowell, Mass.-based developer of flexible solar energy technology called “Power Plastic,” has raised $20 million in strategic funding from Konica Minolta. The two companies also signed an R&D collaboration deal, to jointly develop and distribute organic thin-film photovoltaics. Konarka previously raised around $175 million from 3i Group, Ardesta, Angeleno Group, Chevron Technology Ventures, Draper Fisher Jurvetson, Good Energies, Massachusetts Green Energy Fund, NGEN Partners, New Enterprise Associates, Presidio STX, Siemens Venture Capital, Total Gas & Power and Vanguard Ventures.
- Konarka Raises $20 Million from Konica Minolta, Signs R&D Deal
Konarka Technologies Inc., a Lowell, Mass.-based developer of flexible solar energy technology called “Power Plastic,” has raised $20 million in strategic funding from Konica Minolta. The two companies also signed an R&D collaboration deal, to jointly develop and distribute organic thin-film photovoltaics. Konarka previously raised around $175 million from 3i Group, Ardesta, Angeleno Group, Chevron Technology Ventures, Draper Fisher Jurvetson, Good Energies, Massachusetts Green Energy Fund, NGEN Partners, New Enterprise Associates, Presidio STX, Siemens Venture Capital, Total Gas & Power and Vanguard Ventures.
- peHUB Wire: Tuesday, March 2, 2010
Random Ramblings
- peHUB Wire: Tuesday, March 2, 2010
Random Ramblings
- Intel announces $3.5B investment partnership
Effort is part of a plan to increase U.S. competitiveness
You Just Wait and SeeDespite being frozen out in January, VCs believe the IPO market will heat up and have registered 11 more companies
- TEXO Ventures Launches
TEXo Ventures has been launched in Austin, Texas, to make seed and early-stage investments of up to $2 million in healthcare companies. The firm's founders are Philip Sanger, M.D., Jerry DeVries and Randall Crowder.
- Intel Announcement: Much Ado About Nothing
Did you catch some of yesterday's headlines: * NY Times: "A $3.5 billion effort aims to help tech startups http://dealbook.blogs.nytimes.com/2010/02/24/a-3-5-billion-effort-aims-to-help-tech-start-ups/ " http://dealbook.blogs.nytimes.com/2010/02/24/a-3-5-billion-effort-aims-to-help-tech-start-ups/ * SF Chronicle: "Alliance to boost startups, hire more grads http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/02/23/BUFK1C5TA9.DTL " * WSJ: "Intel, Venture-Capital Firms To Make $3.5B In US Investments http://online.wsj.com/article/BT-CO-20100223-713105.html?mod=WSJ_latestheadlines " peHUB: "Puh-leeze" Tuesday's announcement that Intel Capital and 24 venture capital firms would invest billions into U.S. startups is akin to me announcing that I'm going to write about private equity. It's what they do. The only "news" here is that Intel managed to sucker so many news organizations into giving them accolades.
- Millennial Media Buys TapMetrics
Millennial Media, a Baltimore-based provider of mobile advertising solutions, has acquired San Francisco-based mobile analytics firm TapMetrics. No financial terms were disclosed. Millennial Media has raised around $37 million over three rounds of VC funding, from Bessemer Venture Partners, Columbia Capital, Charles River Ventures and New Enterprise Associates.