Thursday, February 9, 2012

Flagship Ventures' Successful Fundraising for Cleantech

Venture capital firm Flagship Ventures says they exceeded their target of $250 million for a fund which will invest in cleantech and sustainability. This is noteworthy given that we are in a difficult environment for fundraising, especially for funds that invest in early stage companies. This is flagships fourth fund said to be worth 270 million.

With the closing of the new fund, Flagship has about $900 million of early-stage capital under management in a portfolio of 65 companies (25 of those companies emanated from its in-house venture creation group, VentureLabs).

Some of Flagship's cleantech companies are: Joule (pioneering the production of liquid fuel from the sun); Novomer (bioplastics); zegen (gasification technology that converts ordinary waste streams into energy); Mascoma (biomass to biofuels); LS9 (clean fuels, green chemicals using synthetic biology) and Oasys Water (energy and resource recovery products to address the growing, global water crisis).

© 2012, Richard Matthews. All rights reserved.

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