$4.2M for Carbonflow
Carbonflow, a San Francisco-based maker of Web-based software for managing and monitoring carbon emissions reduction projects, said this week (PDF) that it has closed a $4.2 million Series B venture financing round. Existing investor OVP Ventures of Seattle led the round, which was joined by @Ventures of Waltham, MA, and Clean Pacific Ventures of San Francisco. “Carbonflow has taken an early lead in the carbon reduction market,” Gerry Langeler, OVP Ventures managing director, said in a statement. “We are committed to helping the company extend its leadership position as the market continues its rapid growth.” Carbonflow raised an undisclosed amount of Series A funding from OVP and Clean Pacific in November 2008.