A recent change to Section 3(c)(1) of the Investment Company Act may make it easier for small venture capital funds and certain special purpose vehicles to raise capital.  While Section 3(c)(1) previously enabled such funds with up to 100 beneficial owners to be exempt from registering as investment companies with the Securities and Exchange Commission, the revised law increases this threshold to 250 beneficial owners.

Teammates from Mintz Levin’s Corporate & Securities Practice recently explained the change to Section 3(c)(1) and the potential benefits for qualifying venture capital funds in an alert. To read the full alert, click here.

This month we are excited to highlight our client NBD Nanotechnologies! The Boston-based innovator recently secured an $8 million Series B financing to further grow its business while continuing to innovate within its proprietary platform focused on specialty chemical products that change the surface properties of materials like glass and plastic.

Continue Reading May 2018 Leader in the News: NBD Nanotechnologies

The world is changing! Over the last several years, Environmental, Social and Governance (ESG) criteria have been an emerging focus in the investing world, primarily driven by equity investors where it can be harder for a company raising funds to correlate capital costs with ESG impact. Last month, multinational food-products giant Danone Group and its bank group, led by BNP Paribas, redefined the ESG landscape with a credit facility that is said to directly link borrowing rates to  “verified positive impact on the word.”

Continue Reading Save the World, Reduce Your Cost of Capital: How Danone is Turning ESG Impact into Lower Borrowing Costs

In this four-part series, we revisit 2017’s biggest developments in Energy & Sustainability-related news, milestones, policy changes, and financial transactions. This is the fourth installment of the series. Click to read Part 1, Part 2, and Part 3. Continue Reading Energy & Sustainability 2017 Year in Review: Notable Deals and Financial Activities (Part 4 of 4)

The global economy must triple its annual investment in low-emissions technology, from $750 billion per year between 2010 and 2015 to $2.3 trillion per year going forward until 2040, to keep the planet under 2 degrees Celsius warmer compared to pre-industrial levels according to analysis from the Precourt Institute for Energy at Stanford University. The report, Derisking Decarbonization: Making Green Energy Investments Blue Chip, served as the framing paper for the Clean Energy Finance Forum that the Precourt Institute hosted on November 1st.

Continue Reading Stanford Report Argues Clean Energy Investment Must Triple to Halt Catastrophic Global Warming

On August 23, the Baker-Polito Administration awarded $455,000 in grants to seven early-stage researchers and companies developing clean energy technologies as part of the Massachusetts Clean Energy Center’s (MassCEC) Catalyst program.

Continue Reading Baker-Polito Administration Awards $455,000 in Grants to Clean Energy Innovators

On June 2nd, the New York State Energy Research and Development Authority (NYSERDA) and the New York Power Authority (NYPA) issued record requests for proposals from qualified developers to build renewable energy projects that will generate 2.5 million megawatt-hours (MWh) of electricity a year. The two requests combined total the largest renewable RFP issued in any state. Alliance for Clean Energy New York estimates that the solicitation “will drive between 600 and 1,600 megawatts of new capacity depending on the mix of technologies ultimately developed.”

Continue Reading NYSERDA and NY Power Authority Seek to Fund Proposals for New Clean Energy Projects: First Round Submissions Due July 13th

Are you a company approaching the end of seed funding? Join us on Thursday, April 13 at 5:30 pm at the Venture Café at Cambridge Innovation Center where our own Anthony Hubbard will explore terms, trends, and traps likely to be encountered in the pursuit of a first preferred stock financing.

  • What are the characteristics of a Series A financing and how does it differ from a seed financing?
  • What are the current trends in Series A financings?
  • What common traps can you avoid in negotiating the financing?

With decades of experience counseling entrepreneurs and emerging growth companies, Anthony will address these questions and many more. For more details and to register, click here.

In our last two posts (Part 1 and Part 2), we highlighted a number of available DOE grants. Today, we will highlight a one recently announced grant as well as an available loan program.

The DOE recently announced a $3.5 million grant focusing on monitoring the environmental impact of marine technologies. Details are below:

Continue Reading Examples of 2014 DOE Grants, Loan and Financing Programs – Part 3 of 3