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 year is proving to be the year of investing in innovative energy technology.  Mercom Capital Group reports that in the first half of 2017,  over $1 billion in venture capital and private equity funding has been invested in battery storage, smart grid and energy efficiency companies worldwide, exceeding the first-half funding benchmarks in 2014, 2015, and 2016.

Mercom Capital Group, a global clean energy communications and consulting firm, surveyed the combined venture capital funding (including private equity and corporate venture capital) and mergers & acquisitions across 89 companies in three separate sectors – Battery Storage, Smart Grid, and Energy Efficiency. Total investments in these areas amounted to $1.03 billion across the first half of 2017, a marked 25% jump from $807 million in the first half of 2016.

Continue Reading Global Funding in Sustainable Energy Tops $1 Billion in First Half of 2017

Great clean energy ideas need venture capital to build, scale, and make revenue – but who knows how it really works? Last week, our own VC attorney Jeremy Glaser sat down with Oren Klaff, author of Pitch Anything, on his Done Deal web video series. Jeremy is the Co-chair of the firm’s Venture Capital & Emerging Companies Practice, providing both pointed legal advice and sound business acumen to his clients. Over his more than 30 years in VC, Jeremy has orchestrated hundreds of deals across a variety of industries including mobile apps, cleantech, and healthcare.

Oren and Jeremy’s conversation summarizes the ins and outs of VC financing, as they discuss how notions of funding rounds have shifted over the years. Jeremy also displays his unique insight into the minds of entrepreneurs and investors as he identifies successful traits and common pitfalls of companies looking for venture backing. Specifically, he stresses that entrepreneurs must concentrate on their company’s value rather than valuation. Looking for ways to make your great idea appeal to VC investors that can take it to the next level? Watch the full interview below!

Continue Reading VIDEO: How Venture Capital Works with Jeremy Glaser & Oren Klaff

On Tuesday, June 2, CleanEdge, in association with Wells Fargo and the Massachusetts Clean Energy Center among others, released its annual U.S. Clean Tech Leadership Index. The Index uses a diverse set of industry indicators to rank all 50 states and the country’s 50 largest metro areas on their clean tech advances. It is meant to help drive comparative research and analyze the American clean energy market as a whole. The report gives state and metro overviews, but also ranks locations in specific subcategories such as capital, green buildings, advanced transportation, and carbon management. Read on for a few of the most exciting developments!

Continue Reading CleanEdge U.S. Clean Tech Index – Which Cities and States Are Clean Energy Leaders

Mintz Levin is proud to be a part of the Clean Edge 2014 Clean Energy Trends Report. The annual report, now in its 13th year, provides substantive data analysis of happenings in the cleantech marketplace and insights into issues which will be impactful in the near future.  Our attorneys were involved in dozens of energy technology transactions last year, and helped our clients with myriad other issues. Through this work we are aware of emerging trends across the industry, and we commend Clean Edge for the depth of their research and the clarity with which they present the results of their extensive efforts.  Among the highlights of the report:

Continue Reading Clean Edge 2014 Clean Energy Trends Report: Key Trends Emerging from 2013

Greentech Media released their list of green technology’s largest venture capital deals for 2012, and GreatPoint Energy, a coal-to-natural-gas firm, is in first place. In March, GPE received a $1.25 billion investment from Wanxiang, China’s largest maker of auto parts and a major supplier to Ford and General Motors. The investment is for a minority stake in GPE as part of a bigger deal concerning construction work in China. Continue Reading GreatPoint Energy Tops the List of Largest VC Deals in 2012