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Rockport Capital closes third cleantech fund at $450M

Posted on June 04, 2008

Rockport Capital Partners, a cleantech-focused venture firm co-located in Boston, MA and Menlo Park, Calif., has closed its third fund with $450 million, almost twice the size of its last raise. One of Rockport s more notable deals of late, a partnership with Kleiner Perkins to start a North American subsidiary of the Norwegian electric car maker Think, points the way to Rockport s shifting strategy: Mixing later-stage deals in with new startups, and helping existing companies to commercialize. Overall, the firm is looking to invest in fewer companies with its new $450 million pot than t...

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biotech , cleantech fund , electric , venture fund