Green VC

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Category: Green Building / Green Construction

Project FROG Receives $8 Million in Series B Financing

Project FROG

Project FROG, a San Francisco-based start-up, announced in November that it closed $8 million in Series B financing, led by RockPort Capital Partners.  Chuck McDermott, a General Partner at RockPort, has also joined Project FROG’s Board of Directors.

Project FROG (Flexible Response to Ongoing Growth) was founded in 2006 and is focusing on designing and manufacturing "smart buildings" — high-performance, green building systems that are healthy, quick to deploy, affordable, sustainable, and permanent.  Among its products is FROG Zero(TM), which the company states is the world’s first - and only - zero-energy building system.  Project FROG introduced FROG Zero at the recent Greenbuild conference in Boston.

“RockPort has a very impressive track record and we are excited to have them join the FROG team,” said founder and CEO Mark Miller. “Their vision for energy and resource efficiency and innovative products is perfectly aligned with the Project FROG approach – to be better, greener, faster and cheaper – in that order.”

Chuck McDermott said, “This is a truly pioneering company. Project FROG is developing dynamic concepts from a product design and manufacturing platform and applying those innovations to the building industry. Project FROG has a critical grasp on the technical and market advancements that will be game changers in the green building industry. These attributes solidify Project FROG’s position as a leader in this fast growing marketplace."

Sustainable Spaces Obtains $6 Million in Series A Financing

Sustainable Spaces

Sustainable Spaces, a San Francisco-based company that offers home performance testing and retrofitting solutions, announced on Tuesday that it closed its Series A financing, receiving $6 million from RockPort Capital Partners and Shasta Ventures.  The company said it will use the funding to invest in building its infrastructure to meet the growing demand for its services.

"We are very pleased to be working with investors who understand the value proposition and market potential of our business and are committed to successfully growing companies that can make a real impact on global climate change and the emerging green economy," said Pratap Mukherjee, CEO of Sustainable Spaces. "There are more than 70 million single-family, owner-occupied homes in the U.S. and they typically use one and a half to two times the energy required to achieve the homeowners’ desired level of comfort. Finding the causes of wasted energy in homes and fixing the underlying problems represent the single most potent and cost-effective measure we can take to combat global warming."

"Sustainable Spaces has created a compelling value proposition for homeowners," said Chuck McDermott of RockPort Capital Partners. "By addressing each individual homeowner’s concerns and constructing an improvement roadmap customized to that customer, they can work within any homeowner’s budget to reduce their bills and make an impact on global climate change. Our investment enables the company to further increase the tremendous results they have seen in their local market and expand their programs into new markets."

"There’s a massive opportunity to create the trusted brand in home performance to help homeowners sort through the dizzying array of green products and services in the most cost-effective way possible," said Tod Francis of Shasta Ventures. "Sustainable Spaces has been leading the way with a track record of providing a very high quality service enabled by leading building science know-how. We are very excited to be working with the company on the ground floor of this growing sector."

Sustainable Spaces is a licensed general and solar contractor and provides home testing and building performance retrofitting for existing homes to create environments that are comfortable, healthy, and energy efficient.  The company has performed more than 400 home retrofits in the San Francisco Bay Area since its founding in 2004 and has been recognized by the U.S. Green Building Council as the case study in its REGREEN Green Remodeling Best Practice Guidelines.

Hycrete Obtains $15 Million in Series C Funding

HycreteHycrete, a Carlstadt, New Jersey-based company whose products include Hycrete Admixture, which waterproofs concrete and provides environmental benefits, has closed a $15 million round of series C venture capital financing, according to VentureWire (via Private Equity HUB).  The round was from led by Mohr Davidow Ventures, with participation from previous investors NGEN Partners and RockPort Capital Partners.  Other investors in Hycrete include NJTC Venture Fund.

The following video provides an overview of Hycrete.

For more information:

SVASE to Present Program “Clean Tech: Green Buildings and Green Construction – What’s In It For You?” on April 17

SVASE

On Thursday, April 17, the Silicon Valley Association of Startup Entrepreneurs (SVASE) will present a program entitled Clean Tech: Green Buildings and Green Construction – What’s In It For You?, featuring a panel that will provide insights into challenges and opportunities for entrepreneurs and investors in the green building and green construction sectors. The panelists for this event are:

This program will be held from 6:00 – 8:30 pm at Cooley Godward Kronish LLP, 3175 Hanover Street, Palo Alto, CA 94304.  The advance registration cost for the program is $20 for SVASE members and $49 for non-members.  The price is an additional $10 if you register at the door.  For more information:

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