Technology Partners to invest $300 million in clean, lifestyle
Will clean and green and skinny pay off?
Technology Partners, one of the first VC firms to get into clean technology, announced it has raised $300 million for its eighth fund.
The firm will use the funds to invest in clean tech companies as well as life sciences and health/lifestyle companies (i.e. obesity and hair removal. It's big business.). The proceeds in the fun will be split evenly between clean companies and health companies. And who knows, it could also overlap as a handful of companies are promoting technology for purifying food and increasing crop yields for organic farming.
Among other companies, Technology Partners has put money into biodiesel refiner Imperium Renewables, car maker Tesla Motors and Sensicore, which makes equipment to monitor the purity of water in reservoirs.