Greenhouse Capital, for seed-stage cleantech, opens $11M fund
A seed stage venture capital firm, Greenhouse Capital Partners, has closed on its first fund, which was created to target cleantech and other emerging technologies in need of initial funding. The fund totals $11 million.
The firm said its new fund would invest between $250,000 and $1 million in new companies, while retaining the option to invest more in later rounds.
VCs are lately seeking to catch good ideas earlier in their lifecycle, intruding on the traditional territory of angels in search of viable startups. The release states that the firm’s advantage over angel funding is an ability to provide more “hands-on strategic
involvement.”
Peter Henig is managing partner of the fund, along with general partners Michael Schwab and David Ferrara. Some previous investments among the three include ProcessClaims, Solaicx, MobiTV and MeeVee.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.