The Daily Sprout


Bioplastic Maker Cereplast Closes $2.6M Round: Cereplast, manufacturer of purported sustainable bio-based plastic products, has raised $2.6 million in new equity financing through a private placement of common stock to existing shareholders, new “green” institutional funds and an external Director of Cereplast – Press Release.

Wheb Ventures Raises $102M for Cleantech Fund: The London-based fund manager has raised $102M of the $267 million it is aiming to secure for its second cleantech VC fund – Clean Edge.

SolarReserve Appoints CFO: The Los Angeles-based solar thermal company, which is working on utility-scale solar energy and storage, has selected Michael Whalen, a vet of HSBC and Bank of America, as its Chief Financial Officer – Press Release.

LED Maker Intematix Nabs Cree Exec: Intematix has brought Jeff Lagaly on board as Vice President of Sales for LED Lighting. Formerly Lagaly was Global Sales Director for Cree Lighting, a shining light in the LED world. Lagaly has yet to update his LinkedIn profile – Press Release.

Q2 Cleantech Investments Near $1B: A recent report from Ernst & Young estimates venture-capital investments in U.S. cleantech companies grew by 41 percent to $961.7 million during the second quarter of 2008. Maybe we’ll hit the 10 digit milestone next quarter – Seattle Times.

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