The Week in Cleantech: Sept. 30 – Oct. 4
Monsanto announced last week that it would acquire The Climate Corporation in a deal valued at between $930 million and $1.1 billion. The Climate Corp had raised around $110 million from investors including New Enterprise Associates, Index Ventures, Khosla Ventures, and Google Ventures.
The week also saw some heightened venture activity, perhaps influenced by the close of the third quarter and beginning of the fourth. Two big deals stood out in the vehicle telematics space:
Telogis, a California-based fleet management solutions provider founded in 2001, raised $93 million in growth capital from Kleiner Perkins Caufield & Byers to help it deepen its location-based services platform as it readies for an IPO, possibly next year. And inthinc, a Utah-based player in the fleet management space, raised $24 million from K1 Capital Advisors.
Two other top deals during the week came from the Energy Efficiency space. LED company EcoSense Lighting raised $15 million from Bain Capital and new investor Flagship Ventures, while Sefaira, a developer of cloud-based efficiency software for building architects, raised $9.2 million – $7.2 million in equity from Braemar Energy Ventures, Chrysalix SET, and Hermes GPE, and $2 million in a venture debt component from Silicon Valley Bank.
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