Corporate VC for Cleantech: The National Venture Capital Association recently issued a report that says that corporate venture capital investment — ie. from the Intels and Ciscos of the world — in the first half of 2007 was the highest percentage of corporate venture deals and dollars since 2001, with $1.3 billion into 390 deals. We were wondering how that applied to the cleantech industry, so per our request they sent us over some more cleantech specific data. It wasn’t too rosy. The NVCA says that in the first half of 2007 there were only 13 cleantech corporate investment deals. Not too impressive. We’ll dig into this after the weekend and see why its so low.
Fuel Cell Funding: ClearEdge Power, a fuel cell developer based in Hillsboro, Oregon, has raised $6.47 million of a $19.47 million Series C round, according to a regulatory filing found by PeHub. The report says Applied Ventures is listed as a backer.
More dollars for Solar: PeHub also finds a regulatory filing on a Sacramento, Calif.-based solar power startup called Sierra Nevada Solar. According to the report the company has raised $4.5 million in Series A funding.