Wednesday, 17 December 2014
Last updated 11 hours ago
Nov 16 2009 | 12:01pm ET
Philadelphia-based venture capital firm Meidlinger Partners closed a first round of funding for its Sustainable Investments fund.
Meidlinger contributed $4.25 million to the round, while founding investor Benchmark Asset Managers is expected to add an additional $10.75 million toward the fund’s target of $100 million.
According to a Meidlinger statement, the fund provides “expansion capital to proven companies in the lower market with solutions to solve the world’s water, wastewater and energy problems.”
Kevin Brophy, Meidlinger co-founder and CEO, said, “The lower market is the sweet spot where operational, industrial and technical support can act as a catalyst to propel portfolio companies to the next level. Since January 2009, we have seen 560 such cleantech investment opportunities, of which we are tracking more than 100 and taking a close look at five. Many of these fit into the attractive water/energy nexus space.”
Dr. Karen Meidlinger, managing principal and co-founder of the VC firm, said Meidlinger employees are “excited to roll up our sleeves and become an integral part of our portfolio companies as a financial, strategic and operational partner.”
Meidlinger made its first investment in Triton Water AG, an advanced water treatment company headquartered near Hamburg, Germany.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.