ESB Novusmodus, the €200m ($250m) corporate venturing fund of Ireland-based power utility ESB, has invested half of Lumicity’s, a UK-based developer, owner and operator of solar photovoltaic (PV) projects, latest round. Novusmodus said it had invested £1m ($1.5m) with the remainder from venture capital firm Ludgate Environmental Fund. Lumicity is focusing on the sub-50 kW… Continue reading ESB lights up with Lumicity
Month: August 2012
Nualight chills with Lumoluce deal
Nualight, a maker of lights for fridges backed by ESB Novusmodus, the €200m ($250m) corporate venturing fund of Ireland-based power utility ESB, has bought Netherlands-based light-emitting diode (LED) technology company Lumoluce. The deal brings Nualight’s 2011 revenues to more than €25m and values Lumoluce at more than €10m. Novusmodus provided funding with a €4m investment,… Continue reading Nualight chills with Lumoluce deal
ESB heats up Geothermal International
ESB Novusmodus, the €200m ($250m) corporate venturing fund of Ireland-based power utility ESB, has led a £12.1m ($20m) investment in Geothermal International to partly help the heat pump maker company acquire a peer. ESB Novusmodus has invested £8.6m and other investors, including SSE Ventures, the corporate venturing fund of local utility Scottish & Southern Energy… Continue reading ESB heats up Geothermal International
Vodafone extends Invitation Digital
Vodafone bought a 21% stake in Invitation Digital in May last year and also has the first option to increase its direct shareholding in the future.
Peter Barry starts Tane Mobile
By email former Vodafone Ventures head Barry said he was also doing some consulting work in Australia.
Entropic buys Trident tine
Nasdaq-listed Trident filed for bankruptcy protection last month and the deal is subject to approval by the bankruptcy court.
Verizon travels to Cenx
US-based phone operator Verizon Communications’ corporate venturing unit has joined a consortium providing $9.5m to Cenx, a US-based provider of internet connections. Alongside Verizon Investments, an affiliate of Verizon Ventures, the strategic venture capital arm for Verizon, in Cenx’s round as a new investor was Mesirow Financial Private Equity. They joined Cenx’s existing investors, venture… Continue reading Verizon travels to Cenx
Invidi advertises DirecTV
US-based advertising targeting company Invidi Technologies has extended its series D round to $49m by adding New York-listed pay-television company DirecTV as an investor. Invidi initially closed its D round in May 2010 at more than $23m but David Downey, chief executive of the company that has raised more than $110m since launching in 2000,… Continue reading Invidi advertises DirecTV
Verizon goes live for Nomad
US-based phone operator Verizon Communications’ corporate venturing unit has backed Nomad Innovation, a local provider of the LiveEdge wireless newsgathering technology. The investment was arranged through Verizon Communications’ Verizon Ventures group and is meant to help the certification, production and sales of additional versions of LiveEdge using Verizon’s fourth-generation Long Term Evolution (4G LTE) network… Continue reading Verizon goes live for Nomad
Verizon finds its Mphoria
Mphoria, a US-based online sales service that matches products with people and backed by local phone operator Verizon Communications, has raised $1.5m in March, according to a regulatory filing. Although the regulatory filing did not say who the investors were in Mphoria’s first disclosed round, the company’s website showed venture capital firm Acta and Verizon… Continue reading Verizon finds its Mphoria
Veolia accelerates ISD and Hara
Veolia Innovation Accelerator (VIA), part of the eponymous France-based utility, has made two agreements in the second half of last year following the first five partnerships announced in May 2011. VIA’s latest deals are with start-up companies ISD (water consumption projection) and Hara (environmental footprint management) and the group said it had started a website… Continue reading Veolia accelerates ISD and Hara
Logan Energy runs to restructure
The existing shareholders were SSE Ventures, Scottish Enterprise and Logan Energy.
SSE blows to Wind Towers majority
SSE has agreed to acquire 40.05% of Wind Towers from Marsh Wind Technology to take its total shareholding to 80.1%.
EDF forms Electranova Capital
France-based energy utility EDF has cornerstoned the launch of the Electranova Capital corporate venturing fund to be managed by local private equity firm Idinvest Partners. The €60m ($85m) investment fund will back energy start-ups specialising in environmentally-friendly technologies, such as potentially smart grids, electric vehicles, energy efficiency and energy storage. EDF is providing half the fund’s… Continue reading EDF forms Electranova Capital