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Wave technology developer receives EUR3m

First published on the Cleantech Investor website, May 2012

Finland's Wello, which develops wave energy converters, has confirmed that it has secured fudning of EUR3m as part of a Series B round, from Power Fund II (managed by VNT Management) and Finnvera Venture Capital. The company anticipates further investment from other parties before the funding round is closed. 
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Capricorn invests in Concentrator Optics

First published in Cleantech magazine, May 2012. Copyright Cleantech Investor Ltd.

Concentrator Optics has received funding of €3.5m in equity, debt and grant financing from Capricorn Cleantech Fund, Leuven and Kreditanstalt fur Wiederaufbau (KfW). German based Concentrator
Optics produces Fresnel lens on both acrylic glass (PMMA) and silicon-on-glass (SOG). The funds will be used to build a 40MW SOG lens production line.

 

Generation IM leads US$18.3m investment in TerraLUX

First published on the Cleantech Investor website, May 2012

TerraLUX, a Colorado based company which specialises in LED solutions, has closed a Series B funding round of US$18.3m. London based Generation Investment Management led the funding round. Existing investors in TerraLUX, Emerald Technology Eventures and Access Venture Partners, participated alongside Generation - as did the company founder, Anthony Catalano.
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Sefaria raises US$10.8m

First published on the Cleantech Investor website, May 2012

Sustainable and energy efficient building design software company Sefaira has secured US$10.8m in Series A funding. The funding round for the UK company was led by New York-based venture capital fund Braemar Energy Ventures, in partnership with Netherlands-based Chrysalix SET and London-based Hermes GPE. Sefaira, which was founded in 2009, Sefaira has developed a "whole building physics-based approach" to managing sustainable building design. Sefaira enables architects, engineers and building owners to optimise the energy and environmental aspects of building design, and retrofit areas such as energy consumption and water use much earlier in the building design process. The company has secured its first strategic customer deals and is now looking to focus on the commercial opportunities opening up. Richard Baker of Beanstalk, which advised Sefaria, commented that the company: “...is creating a new and exciting market with a unique approach and patented technology addressing a rapidly expanding sector.”
 
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