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Be Green Packaging Acquired By The Riverside Company

socalTECH

Santa Barbara-based Be Green Packaging , a designer of sustainable, compostable, and recyclable packaging for the consumer packaged goods market, has been acquired by private equity investor Riverside Company. begreen packaging cleantech recyclable riverside merger acquisition ecofriendly recycle compost' READ MORE>>.

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Groups Join To Promote Innovation, Entrepreneurship in Riverside County

socalTECH

A trio of local groups have teamed together to promote innovation and entrepreneurship in Riverside County, and received approval Tuesday from the Riverside County Supervisors for the effort. The groups have not outlined their agenda for the effort yet.

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University of California Plans $250M Venture Capital Fund

socalTECH

The fund would seek to invest in companies started on campus, from University research, and from students. The University of California has ten campuses, of which half of them are in Southern California, including UC Irvine, UCLA, UC Riverside, UC San Diego, and UC Santa Barbara. Image courtesy Chris Radcliff , via Flickr. READ MORE>>.

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Massage-on-demand company, Soothe, raises $31 million

TechCrunch LA

The Series C round from late stage and growth capital investment firm, The Riverside Company , caps a busy first quarter for the massage service. The massage-on-demand service Soothe seems to be rubbing investors the right way with the close of a new $31 million round of funding.

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SolarReserve Claims Progress On Power Projects

socalTECH

SolarReserve's Crescent Dune Energy Project is in Tonopah, Nevada, and its Rice Solar Energy Project is in Riverside County. SolarReserve is backed by Citi Alternative Investments, Sustainable Development Investments (SDI), Good Energies, US Renewables Group, PCG Clean Energy & Technology Fund, Nimes Capital, and Credit Suisse.

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EDF Renewables North America Inks Renewable Energy Investment From Munich Re

socalTECH

San Diego-based renewable energy developer EDF Renewables North America said on Wednesday that the company has closed on a strategic investment, where Munich Re will acquire a 50 percent stage in two, renewable energy projects in California. Financial details of the investment were not announced.

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Helicoid Industries Finds $2.4M

socalTECH

Indio, California-based Helicoid Idustries , a startup developing advanced composite materials for use in the wind turbine, aerospace, sporting goods, auto parts, defense, and industrial market, has raised $2.4M--the first part of what looks like an ongoing $5M investment round. Helicoid is a spinout of the University of California Riverside.

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