Client News Release
Clarus Ventures Names Two New Partners (PR Newswire) and Venture Capital Investment in Greentech and Renewable Energy Exceeds $2.5B in Q4 2008 and Reaches $7.7B for the Year (PR Newswire)
City of Industry, CA --(www.FinancialNewsUSA.com)-- 01/06/2009 - Venture Capital industry news provided by Financial News USA. Clarus Ventures, LLC ("Clarus Ventures"), a leading life sciences venture capital firm, announced today the promotions of Emmett Cunningham, M.D., Ph.D., M.P.H., to Partner and Scott Requadt, J.D., M.B.A., to Transactional Partner, effective Jan. 1, 2009. Dr. Cunningham joined Clarus in 2006 and represents the firm as a Director on the Board of SARcode and as a Board Observer at FerroKin, Pearl, Taligen and Zogenix. He is also a member of the Scientific Advisory Boards of ESBATech and CoMentis. Dr. Cunningham joined Clarus from Eyetech Pharmaceuticals, where he was Senior Vice President of Medical Strategy and helped build and lead the development and commercialization of Macugen, a first-in-class product for the treatment of age-related macular degeneration. [Read the full article]
Greentech Media reports another strong quarter and a record fundraising year, with green technology and investment as a brightspot in the EconomyPace to slow but still remain strong through 2009. Greentech Media Inc., the industry-leading online media company covering green technology news and analysis, released the most recent quarterly data showing that venture capital investment in green technologies exceeded $2.5 billion in the fourth quarter of 2008, a modest decrease from the previous quarter's total of $2.9 billion. "Greentech VC investors remain optimistic on this sector and still have faith in the VC model. Investors continue to fund early stage deals as well as later stage deals," said Eric Wesoff, Senior Analyst at Greentech Media. [Read the full article]
AUSTIN, Texas --(BUSINESS WIRE)-- Advanced Hydro Inc., an Austin based startup, today announced that it has successfully raised $0.5 million USD seed investment from Quercus Trust and 21 Ventures. It has also concluded licensing terms for Dopamine Technology from The University of Texas. Now, the company is in the process of setting up pilots to demonstrate the value of this technology in the field. "Dopamine technology has shown great potential for alleviating fouling in membrane based water filtration systems," said Prof. Benny Freeman, the Kenneth A. Kobe and Paul D. & Betty Robertson Meek and American Petrofina Professor of Chemical Engineering at The University of Texas at Austin. This versatile technology allows modification of all wetted parts in a module, including membranes, housing, and spacers by simply flowing a specialized solution through the module. [Read the full article]
CLEVELAND, Jan. 5 /PRNewswire/ -- JumpStart Inc., the Northeast Ohio venture development organization that accelerates the growth of innovative early-stage businesses and ideas, recently announced an investment commitment of $350,000 in BSKLive, Inc. The Cuyahoga County company's flagship product, StaffKnex, is a web-based software as a service (SaaS) application that manages employee scheduling and staffing emergency resolution for companies in healthcare and other industries with shift-based workforces. StaffKnex provides a solution to employee "call offs" and "no shows," common in industries such as healthcare, food service, and hospitality. Without StaffKnex, companies employ a scheduler to place phone calls or utilize outside employment agencies to fill unexpectedly vacant shifts. [Read the full article]
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