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Summary:

Lotsa little funding announcements popped up on my radar today, kicking the week off with a feeling that the cleantech investing train won’t be slowing down anytime soon. Plus, it’s helping us ignore that whole recession thing. Following is more than $50 million in green-tinged deal […]

Lotsa little funding announcements popped up on my radar today, kicking the week off with a feeling that the cleantech investing train won’t be slowing down anytime soon. Plus, it’s helping us ignore that whole recession thing. Following is more than $50 million in green-tinged deal flow from five startups:

Codon Devices: The synthetic biology company based out of Cambridge, Mass., said it has raised $11 million in an extension of its second round of funding from existing investors Alloy Ventures, Flagship Ventures, Highland Capital Partners, Khosla Ventures, Kleiner Perkins Caufield & Byers and Tactics II Ventures. While Codon’s biotech has a variety of applications in the drug industry, the startup is also working on commercializing engineered proteins for the next generation of biofuels. — via PEHub.com

Clean Mobile: Another startup that’s entered the choppy waters of fuel cell tech, Germany’s Clean Mobile, which builds fuel cell-powered drives for small vehicles like scooters, has raised €3.3 million from Earlybird Ventures and High Tech Gründer Fonds. This funding follows funding updates from fuel cell companies Jadoo, and Oorja.via AlarmClock.

ReliOn: Fuel cell funding is all the rage, apparently. ReliOn, a Spokane, Wash.-based maker of fuel cells as backup power for industries like telecom and utilities said it has raised $17 million from existing investors, including Oak Investment Partners, Enterprise Partners Venture Capital, Wall Street Technology Partners and Chrysalix Energy. — Seattle PI and VentureBeat.

Tendril Networks: A startup making energy management software and hardware for residential homes got some cash today — specifically $12 million led by RRE Ventures. Tendril uses the wireless protocol Zigbee (hey, in a former life I was a wireless nerd for GigaOM!) to connect energy consumers with utilities. — release.

GridPoint: And finally late last week, oft-mentioned “smart grid” company GridPoint said it has raised another $15 million, led by David Gelbaum’s Quercus Trust. That brings the firms total funding to over $100 million. They also added James Woolsey, former director of the CIA, to its advisory board. Weird. — RedHerring.

  1. Radhakrishnan Wednesday, April 2, 2008

    A clarification – Clean Mobile is not a fuel cell manufacturer but they design & build hybrid fuel cell drives for small vehicles.

    Disclosure: I am with Earlybird, an investor in Clean Mobile.

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  2. Thanks for the clarification. I just updated it.

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  3. [...] in the smart grid space, eMeter recently took in funding, also from Foundation Capital. GridPoint raised more money as well, bringing its total venture funding to over $100 million. Cleantech VCs that we’ve spoken [...]

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  4. [...] GridPoint – $15 million – Smart Grids: This most recent round brings this Arlington, Va,-based startup’s funding to over $100 million. GridPoint is well-positioned amid a number of other smart grid startups that don’t have nearly as much capital. [...]

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  5. [...] which had already raised more than $100 million, raised this latest round largely from existing investors, which include Goldman Sachs Group (GS), [...]

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  6. [...] which had already raised more than $100 million, raised this latest round largely from existing investors, which include Goldman Sachs Group (GS), [...]

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  7. [...] which had already raised more than $100 million, raised this latest round largely from existing investors, which include Goldman Sachs Group (GS), [...]

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  8. [...] which had already raised more than $100 million, raised this latest round largely from existing investors, which include Goldman Sachs Group (GS), [...]

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  9. [...] David Gelbaum’s Quercus Trust is at it again. The quiet venture capital firm, along with frequent co-investor 21Ventures, has just led a second round of investment in startup Advanced Telemetry, which has built a wireless dashboard for monitoring and managing energy consumption. True to form, the firms aren’t disclosing the size of the investment, but the play ups Gelbaum’s stake in the smart grid market, where he has already led a $15 million round of funding for smart grid software developer GridPoint. [...]

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