The Week in Cleantech – Feb. 11 – 17
Back from our Presidents’ Day holiday here in the U.S., we have a chance to reflect once again on last week’s activity in cleantech company financings, partnerships, acquisitions and more. It was an exciting week, with news of several new venture financing rounds in different cleantech sectors. Two that stood out were driver-behavior analytics company DriveCam‘s new strategic investment from Volvo, and UV water purification company Atlantium‘s new $9 million growth equity round from Aster Capital, Aeris Capital, and existing investor Mr. Benjamin Kahn.
In M&A, nodal demand response (DR) developer Consert was acquired by Toshiba, bolstering that engineering and electronics giant’s position in the smart grid. Terms were not disclosed.
There were also several announcements regarding new venture funds, most notably Lux Capital‘s closing of its third fund, Lux Ventures III, at an oversubscribed $245 million. The fund will continue the firm’s multi-sector focus in energy, technology, and healthcare.
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