Meidlinger Partners Launches New Cleantech Fund

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.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...