Colorado Cleantechs Seeking Bay Area Capital
Colorado has gone cleantech and wants the Bay Area to know it.
Following a string of major partnerships and grants, the state is drawing increased attention from major Bay Area venture capitalists and other cleantech investors.
“I think what's happened is that obviously, everywhere that has science resources and that has national labs or university labs has geared up for the increased interest in cleantech,” said Will Coleman, a partner at San Francisco-based Mohr Davidow Ventures. “Colorado is one of those places that has a lot of resources.”
MDV has two Colorado portfolio companies: OPX Biotechnologies, which develops microbes that make refining of biofuels more efficient, and Zeachem, another biofuels-focused company currently based in Menlo Park but moving its headquarters to Colorado where it already has an office. In addition to Mohr Davidow, other notable Bay Area cleantech investors Khosla Ventures and Kleiner Perkins have recently made investments in Colorado cleantech startups. And the California Clean Tech Open chose Colorado as the first state to expand its business plan competition to when the group goes national in the next few months.
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