News: Portfolio 2007

Battelle Ventures Leads $4.5-Million Oversubscribed Series B Round Of W.Va. Precision Forestry Company ImageTree Corp.

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Collins, who has joined the ImageTree Board of Directors, noted that Battelle Ventures can leverage its unique position as a bridge between its portfolio companies and the facilities that sole limited partner Battelle Memorial Institute manages or co-manages for the U.S. Departments of Energy and Homeland Security.

 

"Through the fund's unique relationship, we suspect there will be many other applications for the technology, inside AND outside of forestry," he said. "We are confident that any number of synergistic projects can be identified.

 

"But, right now, ImageTree has the solution for an industry with a 21st-Century financial model based on a 20th-Century process."

 

 

About Battelle

Ventures Battelle Ventures is a $220-million national fund that invests in companies at many early stages of development, from companies looking for seed or start-up capital through pre-revenue and post-revenue companies raising later rounds of financing. The fund focuses on three areas of investment: energy & environment, health care & life sciences, and security, and seeks companies who have multiple-market opportunities. Battelle Ventures has a $35-million affiliate fund, Knoxville, Tenn.-based Innovation Valley Partners, which has a proportionate interest in each portfolio company and invests alongside the fund in each deal. Besides ImageTree, energy & environment portfolio companies are: Aldis, Ampulse, Planar Energy Devices, SmartSynch and Superprotonic. For more information about Battelle Ventures, go to www.battelleventures.com. For more information about ImageTree, go to www.imagetreecorp.com.

 

 

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