The Week in Cleantech – Jan. 7 – 13
Investors and clean technology innovators jumped out of the 2013 gates last week with several exciting new investments and partnerships.
Streetline, a San Francisco-based provider of smart parking solutions that reduce traffic congestion in cities, announced the close of its Series C round at $25 million. The round included new investors True Ventures, Qualcomm Ventures, and Citi, which had earlier provided a $25 million credit line to the company. The company intends to use the funding to expand its work with new cities, as well as to explore further connectivity of its network to the “internet of things”.
LED lighting specialist Digital Lumens raised a new Series C round at $10 million that it says it will use to expand internationally and into new sectors. The new funding came from existing investors, as Black Coral Capital, Flybridge Capital Partners, and Stata Venture Partners all signed up again.
In M&A, First Solar made its presence known in South America with its acquisition of project developer Solar Chile, while lighting giant Acuity Brands acquired Adura Technologies. Adura is a developer of lighting management systems based on low-power wireless mesh networking systems, and is backed by Claremont Creek Ventures, NGEN Partners, and VantagePoint Capital Partners.
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