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November 3rd, 2008
EnerG2, a Seattle startup developing nanomaterials for energy storage, has raised $8.5 million from OVP Venture Partners and Firelake Capital, according to sources familiar with the deal.
Chief Executive Rick Luebbe declined to comment, saying a formal announcement about the company will be made later this month. Representatives at OVP could not be reached for comment earlier today. The news was first reported today by Xconomy.
Luebbe is the former chief executive of Hubspan, a venture-backed Seattle software startup. Aaron Feaver, formerly a project manager with Boeing's Design for Environment/Manufacturing initiative, and Chris Wheaton, a former vice president at Loudcloud, round out the management team.
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