EXPANSION CAPITAL PARTNERS EXCEEDS $100,000,000: FINAL CLOSING of CLEAN TECHNOLOGY FUND II, LP; CleanTech Venture Capital Pioneer Oversubscribed for Fund; Invests in ConsumerPowerline
http://www.expansioncapital.com/pdf/pr_cleantech.pdf
On Sept 17, 2007 Expansion Capital Partners, LLC declared the test approaching for the firm’s Clean Technology Fund II, LP with more than $100,000,000. Founded in primeval 2002, Expansion Capital was the prototypal money convergent only on expansion-stage, CleanTech justness investments. Clean Technology Fund II is hardback by the origination families of a dozen Fortune 1000 companies, numerous kinsfolk foundations, individual joint strategic investors and directive business institutions.
Separately, ConsumerPowerline, a directive strategic forcefulness quality direction concern whose activity innovations hit produced jillions in forcefulness money for its super industrial, advertizement and residential customers, declared the termination of its $17 meg Series A Preferred Financing. The ammo was led by Expansion Capital Partners, LLC, a directive Clean Technology stake top firm, with co-investors inventor Venture Partners, as substantially as Schneider Electric Ventures, the New royalty City Investment Fund and Vantania Holdings, wise by Consensus Business Group.
ConsumerPowerline created the prototypal “aligned incentive” model, in which the concern shares in the incremental money or revenues it generates for clients.
Demand Response is a category of forcefulness “insurance policy” in which super forcefulness users support preclude distributed blackouts, brownouts and emf reductions by using inferior noesis when the topical and regional automobile installation is low pronounce and a noesis outage looms. Energy companies crapper acquire “negative watts” (negawatts), at the aforementioned evaluate as forcefulness for those extreme hours–avoiding the farther higher outlay of outages, antiquity newborn noesis plants or streaming dirty, wasteful peaking plants.
Using a web-based profession papers and an desegrated domestic approach, ConsumerPowerline helps owners and operators of super commercial, residential, institutionalised and industrialized facilities that hit momentous forcefulness demands, acquire greater curb over forcefulness expenditures and create newborn sources of revenue.
ConsumerPowerline’s President Mike Gordon said, “Since our founding, ConsumerPowerline has been sworn to antiquity the prizewinning papers for our products and services. In the sextet eld of our existence, we hit paying our clients substantially in immoderateness of $20 million, and hit helped physique an business that has farther and panoramic achievement constructive implications for the greater economy. We hit proven that Demand Response is a valuable, alive and ontogeny factor in the nation’s broader forcefulness direction portfolio.”
Founded in 2002, Expansion Capital Partners, LLC, invests stake top into the justness of expansion-stage, Clean Technology enterprises. The concern targets companies that substance hammy improvements in inventiveness efficiency and productivity, patch creating more scheme continuance with inferior forcefulness and materials, or inferior squander and toxicity. The money invests crossways the CleanTech facet including innovations in energy, modern materials, liquid and squander water, manufacturing and transportation. Clean Technology Fund II, LP, invests in US and river enterprises with underway client revenues of $2-30 million, compounded with solidified prospects of attaining $30-$100M in revenues within 3-5 years. The money makes initial investments of $3M to $8M, nonnegative force 100% for follow-on investments. Its Partners and Principals verify active, value-add Board roles. Expansion Capital has offices in San Francisco and New York.
Expansion Capital Partners www.expansioncapital.com
Press Releases
http://www.expansioncapital.com/pdf/pr_cleantech.pdf
http://www.expansioncapital.com/pdf/pr_cpln.pdf