Thursday, January 19, 2006

NanoGram, Franklin Fuel Cells, and Intelliburn announce raises

  • Speaking of nanotechnology, nanotech process innovator NanoGram announced an $18.7M round of financing, led by Technology Partners, and including existing investors ATA Ventures, Nth Power Technologies, Bay Partners, Harris & Harris Group, Rockport Capital Partners, Institutional Venture Partners and SBV Venture Partners. Harris & Harris also put out a separate PR describing their portion of the raise. NanoGram's technologies have applications in optical, electronic and energy applications -- the latter highlighted by the participation of several dedicated clean energy and cleantech investors.
  • PE Week Wire revealed a couple of unannounced cleantech fundings today. The first is that Franklin Fuel Cells, a developer of solid-oxide fuel cells, has secured $2.32M of an anticipated $10M Series AA round. The second is a $1M Series A funding for Intelliburn Energy Systems, financed by TTI Technologies; Intelliburn appears to be a developer of advanced controls for industrial boilers (e.g., for wood mass, steam-driven power generation).