DFJ Element Invests $3.5 Million in Fat Spaniel Technologies; First Institutional Funding for Leading Provider of IT Infrastructure for Renewable/Distributed Power Generation.MENLO PARK, Calif. -- Clean technology venture firm, DFJ DFJ Dysfunkshun Junkshun (Austin, Texas band) Element, announced today that it had completed a $3.5 million investment in Fat Spaniel spaniel: see sporting dog; toy dog. spaniel Any of several breeds of dogs used to flush game. Spaniels originated in Spain, but most modern breeds were developed in Britain. Breeds range from 14 to 20 in. Technologies, Inc., a leading provider of IT infrastructure for distributed power generation. The investment will be used to expand the company's engineering capabilities and to support its growth into additional markets. "The demand for renewable power and other forms of distributed power generation is growing explosively on a global basis -- with no end in sight," said Tim Newell, Managing Director of DFJ Element. "Fat Spaniel Technologies has emerged as an early leader in providing the IT infrastructure, software, and data services needed to support the deployment of renewable and distributed power systems." "This investment will help Fat Spaniel Technologies significantly grow its capabilities and market reach," said Chris Beekhuis, President and Chief Technology Officer of Fat Spaniel Technologies. "In addition, DFJ Element will bring tremendous business and clean tech experience -- as well as a global presence -- to help us execute on our strategic business objectives." About DFJ Element DFJ Element is a leading venture capital fund investing in clean technology. Element invests in emerging companies bringing innovative solutions to environmental and resource constraints in energy, water and other large industrial and commercial markets. Launched in 2005 by Element Venture Partners in partnership with leading global venture capital firm Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is a venture capital firm based in Menlo Park, California with affiliate offices in more than 30 cities around the world and over $4.5 billion in capital commitments. , DFJ Element is managed by the industry's most experienced group of dedicated clean technology investors. The Element principals have invested more than $225 million in over 40 companies in the clean technology sectors. For more information, send queries to info@dfjelement.com. About Fat Spaniel Technologies Based in San Jose, CA, Fat Spaniel Technologies (FST See flat screen. ) provides critical IT infrastructure and services for distributed power generation. FST services include data monitoring, system management & control, and financial reporting. FST's independent, third-party solutions enable system owners, installers, integrators, OEMs and utilities to optimize the delivery of distributed energy, recognize revenue, mitigate risk, control costs, and bring new business models to market. FST products are presently deployed worldwide on both renewable and fossil-fuel distributed energy systems including solar, wind, fuel cells, microturbines, combined heat & power systems and diesel generators. For more information, visit www.fatspaniel.com. About Draper Fisher Jurvetson Draper Fisher Jurvetson is the only venture capital firm with global presence through a network of affiliated funds, with offices in more than 30 cities around the world and more than $3.5 billion in capital commitments. DFJ's mission is to identify, serve and provide capital for extraordinary entrepreneurs anywhere who are determined to change the world. Over the past twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. , DFJ has been proud to back approximately 300 companies across many sectors including such industry changing catalysts as Hotmail (acquired by MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ), Baidu (BIDU), Skype (acquired by EBAY), United Online (UNTD), Overture (acquired by YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ), Interwoven in·ter·weave v. in·ter·wove , in·ter·wo·ven , inter·weav·ing, inter·weaves v.tr. 1. To weave together. 2. To blend together; intermix. v.intr. (IWOV), 411 (acquired by YHOO), Parametric (PMTC PMTC Prevention of Mother to Child Transmission (of HIV/AIDS) PMTC Pacific Missile Test Center PMTC Professional Multimedia Test Center ), and Digidesign (acquired by AVID). For more information, visit www.dfj.com. |
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