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Cleantech Funding Roundup: 5 Startups Bring In Over $50 Million

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

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.

11 Responses to “Cleantech Funding Roundup: 5 Startups Bring In Over $50 Million”

  1. Radhakrishnan

    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.