Illumitex raises $13.5M for LED lighting

While we’re all waiting for efficient LED lighting to one day become mainstream, venture capitalists are continuing to back LED innovation. LED chip maker startup Illumitex has raised another $13.52 million in equity, according to a government filing on Monday.

Serious Materials Piles On $60M for Green Building Materials

seriousmaterialsimage1Highlighting the increased interest in green construction this year, green-building materials company Serious Materials announced on Tuesday that it has raised $60 million in its third round of funding. The round represents one of the largest U.S. venture-capital deals –- and the largest energy-efficiency deal –- in 2009, according to an Ernst & Young analysis based on data from Dow Jones VentureSource.
Investors include Mesirow Financial, which led the round, Enertech Capital, Cheyenne, Saints Capital, New Enterprise Associates, Foundation Capital, Rustic Canyon Partners, Navitas Capital and Staenberg. The Series C round brings Serious Materials’ total capital to more than $120 million. The company said it plans to use the cash to accelerate its growth and complete the development of new products.
Read More about Serious Materials Piles On $60M for Green Building Materials

MashLogic Raises $2.5M Series A Round

-19MashLogic has received $2.5 million in Series A funding led by New Enterprise Ventures, according to the Menlo Park, Calif-based startup’s CTO and co-founder, Ranjit Padmanabhan. MashLogic makes a browser plug-in that provides contextual information about content on web pages, encouraging visitors to those pages to linger. Bessemer Venture Partners, an early investor in the startup, also participated in the round, which closed two weeks ago and will see New Enterprise Associates’ Kittu Kolluri join MashLogic’s board. Read More about MashLogic Raises $2.5M Series A Round