Hanwha Group, a top 10 South Korea-based industrial conglomerate, has led US-based energy storage provider Silent Power’s series B funding round with an $8m investment. The strategic partnership will bundle Hanwha SolarOne’s photo-voltaic (PV) panels with Silent Power’s distributed energy storage device, the OnDemand Energy Appliance. Charles Kim, president of Hanwha SolarOne, said: “Hanwha SolarOne… Continue reading Silent Power quietly raises $8m
Month: January 2013
Hanwha shines on OneRoof
Hanwha is now the third largest solar manufacturer in the world and follows strategic investments in Crystal Solar, 1366 Technologies, TenKsolar, Silent Power and OneRoof Energy.
Beta Renewables adds $115m
Denmark-based healthcare company Novozymes has invested €90m ($115m) for 10% of Beta Renewables, a joint venture between Italy-based packaging and chemicals company Gruppo Mossi & Ghisolfi and private equity firm TPG. Novozymes and Beta Renewables will offer customers looking to produce biofuels from agricultural residues, energy crops and other cellulosic feedstocks a combination of Novozymes’… Continue reading Beta Renewables adds $115m
Intuit accounts for Tradeshift
Intuit will connect the five million businesses that use QuickBooks onto Tradeshift as part of its investment.
Olo served with $5m
Alongside PayPal in the B round were venture capital firms Core Capital Partners and RRE Ventures and angel investor David Frankel, who seeded Olo and is now managing partner at Founder Collective.
GoPro home-run means early Steamboat close
Media group Disney is understood to have scaled back its financial commitment to its corporate venturing affiliate, Steamboat Ventures, after strong performance in its portfolio caused the fund to be closed relatively early. Disney is understood to be providing $42.5m to Steamboat’s fifth fund, instead of an expected $75m reported by news provider Fortune in… Continue reading GoPro home-run means early Steamboat close
Guavus analyses Neuralitic buy
Earlier in the month, Gauvus raised $30m in its series D round from a consortium including Intel Capital, the corporate venturing unit of the eponymous chip maker.
Solegear Bioplastics finds Best Buy
The company previously raised an undisclosed amount in a series A round from venture capital firm Yaletown Venture Partners.
Cummins backs up ReliOn
ReliOn, a US-based provider of fuel cells for back-up power and grid-support applications, has raised an undisclosed amount of corporate venturing funding from New York-listed industrial group Cummins. Gary Flood, chief executive at ReliOn, said: “Cummins is a global leader in power generation and, as such, will be an excellent partner to work with ReliOn… Continue reading Cummins backs up ReliOn
IDG steers cash to ParkMe
ParkMe, a US-based provider of database and analytics software for parking locations and availability, has raised an undisclosed amount in its series B round from a consortium including publisher International Data Group’s (IDG) local corporate venturing unit. Alongside IDG Ventures in the syndicate were private equity firm Angeleno Group, which led the round, and venture… Continue reading IDG steers cash to ParkMe
Google makes its way to CircuitHub
The portfolio company was incubated over the winter at Y Combinator.
KnowRe turns to Softbank
KnowRe, a South Korea-based developer of an online adaptive learning service for mathematics, has raised $1.4m from SoftBank Ventures Korea, the local corporate venturing unit of Japan-based internet company Softbank. The portfolio company said it would be releasing its beta version by April after it won the grand prize of KrW100m ($100,000) at Global K-Startup,… Continue reading KnowRe turns to Softbank
Bertelsmann teaches WizIQ
Kaizen, a private equity fund focused on the education sector led the B round.
McGraw-Hill steps into Area9
McGraw-Hill Companies, a New York-listed data and publishing company, takes a stake in e-book partner.