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Thin Line Capital Launches New Energy, Sustainability Fund

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Pasadena-based Thin Line Capital announced this morning that it has launched a brand new, energey and sustainability fund, which will invest in cleantech investing. The new firm, led by serial entrepnd investor Aaron Fyke, said its seed stage fund has had its first close of over $5 million.

Capital 213
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Idealab Backs Clean Power Technology Firm

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Pasadena-based Idealab announced today that it has invested in a developer of clean energy generation technology. The firm has invested in Cool Energy , a Boulder, Colorado based developer of Stirling engine technology, used to convert heat energy into power. Financial details of the funding were not announced.

Idealab 150
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The Design Accelerator Launches Incubator At Idealab

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A new, startup incubator-created by the Art Center College of Design and the California Insitute of Technology --said this morning that it has launched a brand new, design-focused incubator, housed at Idealab. The new incubator is headed by Mark Breitenberg and Erik Hovanec. READ MORE>>.

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Papaya Picks Up $50M For Mobile Payments

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Los Angeles-based Papaya, a fintech startup developing a mobile bill payment application, says it has raised $50M in a Series B funding. The funding was led by Bessemer Venture Partners, and also included Sequoia Capital, Acrew Capital, 01 Advisors, Mucker Capital, Fika Ventures, F-Prime, and Sound Ventures.

Mobile 113
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Aaron Fyke, Thin Line Capital: The Second Wave Of Cleantech Investing

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There's a new opportunity in clean technology investments, according to venture capitalist Aaron Fyke , the head of a new, Pasadena-based venture capital investment fund, Thin Line Capital (www.thinlinecapital.com). Talk about the new firm and the new fund? Lots has changed since 2009.

Invest 113
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Energy Vault To List On NYSE Via SPAC

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Westlake Village-based gravity-based energy storage technology developer EnergyVault says it will list on the NYSE, via a merger with a special purpose acqisition company (SPAC), Novus Capital Corporation II. The two said the combined firm will have an implied pro-forma enterprise value of $1.1 and others.

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Heliogen Goes Public Via SPAC Acquisition

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Pasadena-based concentrated solar energy technology developer Heliogen, a spinout of the Idealab startup incubator, has gone public via a Special Purpose Acquisition Company (SPAC) deal, the company said on Wednesday. According to Heliogen and Athena Technology Acquisition Corp.,