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September 2nd, 2007
Technology Partners, the 20-year-old Palo Alto firm often credited for igniting the cleantech boom, announced in July it has raised $300 million in its eighth funding round.
When the dot-com market was crashing in 2001, few investors had even heard of cleantech, and fewer still saw it as a potential growth sector. Technology Partners, however, abandoned information technology in favor of investments in cleantech and life sciences. The move placed the firm squarely at the front of the next big investment trend. While other investment firms were still licking their dot-com wounds, Technology Partners was scoring with early investments in solar, water and nanotech companies.
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