Asteroid mining start-up Planetary Resources has received an investment from a Russian management company that focuses on clean technologies:
The management company I2BF Global Ventures has invested in Planetary Resources through one of its funds, “Vedomosti,” said its managing partner Ilya Golubovich (son of the founder of the investment company “Arbat Capital” Alexey Golubovich). This was confirmed by Planetary Resources Adviser Michael Murray, who refused to disclose details of the deal.
Among the investors in Planetary Resources are Google CEO Larry Page and former CEO of the search engine , Eric Schmidt , a former employee Microsoft and space tourist Charles Simonyi, The Perot Group chairman Ross Perot, Jr., the former head Goldman Sachs John Whitehead, and director James Cameron. Golubovic says I2BF Global Ventures is the only fund with Russian participation in the project.
He did not disclose the amount of investment, citing a confidentiality agreement. “It is not yet ten [million], but we are planning to participate in the next round,” said Vsevolod. Total I2BF Global Ventures plans to invest in the space industry, he said, up to 25% of existing assets, or more than $50 million.
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According to the company’s website:
I2BF Global Ventures is an international clean technology venture capital firm with a global investment mandate, based in New York.
Established in 2005, I2BF Global Ventures manages over USD 160 million across three venture capital vehicles: I2BF Holdings I (a collection of managed accounts and investment vehicles) which is fully invested, I2BF Venture Fund II which had an initial close in 2011 and the Russia-Kazakhstan Nanotechnology Fund which I2BF co-manages with VTB Capital.
The mission of I2BF Global Ventures is to seek out innovative and competitive companies across the clean technology space, targeting sectors and technologies it believes can lead the path to a “Brighter Future”. Since the first portfolio company investment in 2006, I2BF Global Ventures has successfully completed 19 transactions.
In keeping with its worldwide investment focus, further to the team in New York, I2BF Global Ventures retains a team of technology and sector experts including renewable energy researchers in London, Moscow and Dubai to ensure a truely global venture capital strategy and a hands-on management approach.
The investment fund’s portfolio includes:
Solix BioSystems
Biofuels
Colorado, USA
Prism Solar Technologies
Solar
New York, USA
Epuramat
Water Technology
Luxembourg
NessCap
Energy Storage
South Korea
Bowman Power Group
Automotive
United Kingdom
Integrated Photovoltaics
Solar
California, USA
Fisker Automotive
Automotive
California, USA
ACAL Energy
Automotive
United Kingdom
Primus Power
Energy Storage
California, USA
EdeniQ
Biofuels
California, USA
GMZ Energy
Energy Efficiency
Massachusetts, USA
Seren Photonics
Energy Efficiency
United Kingdom
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