We’ve all heard that following weak returns, venture capital cleantech investing has retrenched. So what’s next? A style of investing that is a whole lot more rational, return-driven, shorter timelines and capital lite.
One of the few investors to make money from backing cleantech startups, The Westly Group has finally closed on a $160 million cleantech fund.
Despite continued struggles for next-gen biofuel makers, VCs are still putting money into startups, particularly when it comes to follow-on rounds. EdeniQ announced that it has raised another round of more than $30 million from investors including Kleiner Perkins, Draper Fisher Jurvetson, and The Westly Group.
Biochemical company Amyris announced on Monday that it has secured $84 million in funding to help it shore up its business and continue to try to scale up its technology. The company went public back in Fall 2010.
Biofuel and biochemical companies continue to file to go public. But the reality is that the stocks of most of the publicly-traded biochemical and biofuel companies have suffered this year. Here’s the latest on the biofuel firms’ earnings from last week and stock prices.
When an investor or entrepreneur makes high-risk bets on early stage companies, failure is always part of the equation. For Kleiner Perkin’s Bill Joy he says more of the early-stage greentech startups he invests in with fail early, but can turn into something more meaningful.
It’s official. Khosla Ventures, the firm of influential venture capitalist Vinod Khosla, has raised its $1.05 billion fourth fund and will still continue to invest as much money as it previously has done on cleantech startups.
Biofuels were envisioned to help to make the world a better place, but here comes a National Research Council report on Tuesday that casts doubt on the environmental and economic benefits of biofuels and the U.S.’s ability to meet its own production mandates.
The realization that many greentech startups need more capital and time than expected to commercialize their technologies has sacked some venture capitalists’ enthusiasm for cleantech. Vinod Khosla has a message for them: chin up! There’s good money to be made and I’m doing just fine.
Kleiner Perkins has another biofuel and biochemical company up its sleeve. On Tuesday, a Kleiner-backed startup called Renmatix, which makes sugar from biomass that can be turned into biofuel and biochemicals, came out of stealth during an event in King of Prussia, Pennsylvania.