CleanFiber raises $4.9M to advance plans for a local factory

CEVG portfolio company CleanFiber, formerly UltraCell Insulation, has raised $4.9 million to advance plans for building a western New York factory.

CleanFiber manufactures high performance cellulose building insulation, a higher quality product made at lower cost from recycled and residual materials.

See the announcement here.

MTPV Power Corporation

MTPV Power Corporation is an Austin, TX and Medford, MA-based clean energy company that converts heat to electricity using semiconductor chips.

On October 10th, MTPV announced a successful raise of $16 million in Series C financing, led by Lake Bridge Capital with follow-on investments from Total Energy Ventures, SABIC Ventures, and several other existing shareholders.

Read the announcement here.