Virgin Green Fund
 | |
| Company type | Private |
|---|---|
| Industry | Private equity |
| Founded | 2007 |
| Defunct | 2014 |
| Fate | shut down |
| Headquarters | London, United Kingdom San Francisco, United States New York City, United States |
Area served | North America & Europe |
Number of employees | 10 |
| Parent | Virgin Group |
| Website | www.virgingreenfund.com |
Virgin Green Fund was established in 2007[1] to invest in companies in the renewable energy and resource efficiency sectors in the US and Europe. It was subsequently closed in 2014.
Investment history
The fund's first fundraising round raised $199m from Virgin and other investors. A notable initial investor was Wolverhampton City Council. The fund's investment focus is on established businesses rather than start ups. It had invested in 10 businesses out of 3,700 considered as of 2010.[2]
Portfolio
As of April 2010 Virgin Green Fund's portfolio included:
- Gevo[3]
- Solyndra[4]
- Odersun[4]
- Metrolight[5]
- Wildcat Discovery Technologies[6]
- DuraTherm[7]
- Seven Seas[8]
- Quench USA[8]
- GreenRoad[9]
Shutdown
In 2014, the firm was announced to be shut down by Virgin Group.[10]
References
- ^ Chris Hughes (27 June 2008). "Virgin's green fund gets first $199m". Financial Times. Retrieved 28 April 2015.
- ^ Claire Cain Miller (10 May 2010). "Virgin Green Fund Looks to Midlife Start-ups". New York Times. Retrieved 28 April 2015.
- ^ "Portfolio: Biofuels". Virgin Green Fund. Retrieved 2010-04-07.
- ^ a b "Portfolio: Solar". Virgin Green Fund. Retrieved 2010-04-07.
- ^ "Portfolio: Energy Efficiency". Virgin Green Fund. Retrieved 2010-04-07.
- ^ "Portfolio: Energy Storage". Virgin Green Fund. Retrieved 2010-04-07.
- ^ "Portfolio: Waste Management". Virgin Green Fund. Retrieved 2010-04-07.
- ^ a b "Portfolio: Water". Virgin Green Fund. Retrieved 2010-04-07.
- ^ "Portfolio: Transport". Virgin Green Fund. Retrieved 2010-04-07.
- ^ "Virgin Group Said to Wind Down Buyout Unit, Cancel Fund". Bloomberg.com. 23 April 2014. Retrieved 2016-05-18.
Further reading
- Virgin Green Fund leads Odersun funding round.
- Benchmark, Branson Keep Eyes on Cleantech Road.
- Gevo has received investments from Khosla Ventures and Virgin Green Fund.
- Gevo Licenses UCLA Technology.
External links
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