• Zest Labs

  Participated · Series A · Sep 2011

  Intelleflex provides on-demand data visibility solutions for cold chain and asset management, led by President and CEO Peter Mehring. Its XC3 Technology™ RFID products enable temperature monitoring for fresh produce, perishable food and pharmaceuticals, as well as asset tracking, personnel monitoring, retail and healthcare applications. The company is based in Santa Clara, CA. It closed a $9M Series A extension to support growth in the fresh produce and pharmaceutical cold chain, asset tracking and personnel monitoring markets. Funds will also be used to expand partner and channel marketing programs throughout the Americas, Europe and selected markets in Asia. Backers include Third Point Ventures and existing investors Arcapita Ventures, New Venture Partners and the Woodside Fund; Third Point Ventures' Rob Schwartz will join Intelleflex’s board. Intelleflex provides on-demand data visibility solutions through its XC3 Technology platform. The company leverages patented technology that it says delivers a disruptive price/performance model and a low-cost extended-capability solution. Its offering targets the perishable food and pharmaceutical cold supply chain, citing a multi-billion-dollar market opportunity where about one third of temperature-sensitive products are wasted. Intelleflex recently closed a financing to support growth. The new capital will be used to expand sales and marketing and to accelerate key vertical-market initiatives with strategic partners. Intelleflex is a Santa Clara, CA–based provider of Radio Frequency Identification (RFID) solutions, products and technologies. The company received an $8M equity financing in the initial close of an investment round. The financing was led by New Venture Partners with participation from Arcapita Ventures, Morgenthaler Ventures and The Woodside Fund. President and CEO Peter Mehring said the proceeds will be used to complete and launch the next-generation product set, scheduled for introduction early next year, and to fund ongoing operations and expansion. The article did not disclose revenue, user metrics, prior financing details, or other financial metrics.

• Aspen Aerogels

  Participated · Equity · Oct 2010

  Aspen Aerogels produces aerogel-based thermal insulation and battery materials, including PyroThin®, Cryogel®, and Pyrogel®, aimed at energy infrastructure and EV battery thermal management. The company is focused on electrification and battery-materials initiatives to address thermal runaway and improve lithium-ion battery performance. Management is pursuing capacity expansion, including a planned second aerogel manufacturing facility in Statesboro, Georgia. In August 2024 Aspen arranged a $125 million term loan and a $100 million revolving credit facility with MidCap Financial to reduce its cost of capital and increase financial flexibility. Proceeds from the facilities will be used to cash redeem an existing convertible note; the CFO said the financing supports access to liquidity and profitable revenue growth. Aspen is headquartered in Northborough, Massachusetts, was founded in 2001, employs roughly 201–500 people, and has previously raised $21.5M. Aspen Aerogels supplies reinforced, nanoporous aerogel insulation products and has developed a proprietary blanket form of aerogels. The company’s blanket technology targets a range of markets, including building and construction, chemicals, transportation and oil and gas. Aspen plans to work with BASF to target and rapidly penetrate the European market. The company raised $21.5M (about €15.7M) in an equity financing led by BASF Venture Capital. Aspen was founded in 2001 and is based in Northborough, Massachusetts. It currently employs 120 people.

No current team members are available.