Northwater leads $11.2 mln Series B1 financing of MTPV Power
MTPV Power Corp, a clean energy company that converts heat to electricity using semiconductor chips, has secured US$11.2 million in a Series B1 financing round. The round was led by Canadian venture capital firm Northwater Capital Management. Northwater, which did the deal through its Intellectual Property Fund, was joined by Total Energy Ventures, the venture capital arm of French oil and gas company Total SA, Saudi Basic Industries Corp, Point Financial, Spinnaker Capital, Ensys Capital, Clean Energy Venture Group and other investors. Founded in 2003, MTPV was its offices in Austin, Texas, and Medford, Massachusetts.
15 July 2014•4 mins read
