Hercules Provides $52M, Including $17M for San Diego’s Althea Technologies

Bruce V. Bigelow8/3/10

Hercules Technology Growth Capital, (NASDAQ: HTGC), the Palo Alto, CA-based provider of venture debt and equity financing to technology, cleantech, and life sciences companies, says it closed on $52 million in new loan commitments in July—including $17 million for San Diego-based Althea Technologies. In a statement today, Hercules says it provided $15 million in financing to Calera, a Los Gatos, CA-based cleantech developing technologies to capture carbon dioxide. Althea, a contract research organization, (CRO) provides services for plasmids, protein biologics and sterile products. Hercules did not identify the PV solar technology company that received $20 million.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788