The Week in Cleantech: July 1 – 7
The first week of the third quarter brought significant deal-making activity in cleantech, despite the U.S. Independence Day holiday. Most noteworthy were a few deals involving some venture exits:
ecoATM, a maker of electronics recycling kiosks that had raised just over $30 million in venture capital from investors including Claremont Creek Ventures, was acquired by Outerwall, maker of Coinstar money-changing kiosks, for $350 million. Outerwall had also been a strategic investor in the company.
There was also a flurry of IPO news during the week. French industrial wastewater treatment company Orege listed its IPO on the Euronext Paris exchange, raising EUR20 million ($26 million) in a transaction that values the company at around EUR60 million. Orege is backed by Climate Change Capital and Oraxys.
And in the U.S., two cleantech companies filed for $60 million IPOs during the week. Control4, a Salt Lake City, UT-based maker of building energy management and control systems toward energy efficiency, is backed by Foundation Capital, Cisco, GSV Capital, and others. Marrone Bio Innovations, a Davis, CA-based developer of natural weed, pest, and disease management products for plants and crops, is backed by Calvert Investments, Clean Pacific Ventures, Mitsui, and others.
In fund news, venture fund-of-funds Teralys Capital invested $25 million each with Cycle Capital and EnerTech Capital, helping those two firms work toward the close of two cleantech-focused venture funds targeting a total of $250 million.
And in venture capital news, Sungevity raised a fresh $15 million in growth equity from GE Ventures, while energy-efficient 4G LTE chipset maker Altair Semiconductor closed on $25 million from Bessemer Venture Partners, Giza Venture Capital, Jerusalem Venture Partners, and others.
But these weren’t the only deals tracked by the i3 Platform during the week. Consider subscribing for full access to our deal-tracking service. Two final announcements:
Subscribers are encouraged to register for the latest installment of our Quarterly Investment Monitor webinar series, to be held tomorrow, Tuesday, July 9, at 8AM Pacific time.
And we hope you’ll register for this year’s Global Cleantech 100 Gala & Summit | October 9-10, 2013 | Washington, DC. See you there!