Once-promising Serious Energy has been selling off its assets one by one, including its energy software product, to a subsidiary of Ingersoll Rand. It’s a familiar tale in the cleantech sector.
One of the most aggressive cleantech investors, VantagePoint Capital Partners, has stopped raising its more recent billion dollar cleantech fund. Why? Lack of interest from limited partners, the investors that put money into VC funds. And that’s been an ongoing trend.
Proving that the venture model is working for at least a few select brand name venture capitalists, NEA announced on Wednesday that it’s closed a massive $2.6 billion new fund. The firm describes the fund as “one of the largest venture funds ever raised.”
For the occasion of Siemens’ swallowing eMeter, we have pulled together our recurring smart grid acquisitions list, including the new ones we have seen in recent months.
Green building and energy efficiency company Serious Energy has acquired building energy management startup Agilewaves. Is the building energy shopping spree starting up again?
Remaking office buildings with energy-efficient equipment can cut utility bills and give some green cred. But often, building owners don’t want to pay the large upfront cost. To help fix this problem, Serious Energy is launching a no-money-down program called SeriousCapital.