July 25, 2011

Mosaic, Cool Energy receive VC

BOULDER – An area biotechnology startup and a clean-energy company have each received $1 million in venture capital funds to help them grow.

Boulder-based Mosaic Biosciences Inc. will use the money to help fund research in body tissue regeneration, the company said in a U.S. Securities and Exchange Commission filing. Mosaic plans to prove its technology as being effective for healing wounds, according to the SEC filing. It was formed by University of Colorado at Boulder researchers in 2009.

Investors include High Country Venture LLC in Boulder, Morganthaler Ventures, based in Menlo Park, California, and HealthCare Ventures, based in Cambridge, Massachusetts.

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Separately, power-generation system firm Cool Energy Inc. in Boulder said it received funding from Idealab in Pasadena, California, after joining the business incubator group.

Cool Energy makes an engine that creates electric from heat sources, the company said in a statement. The engine’s main uses are for waste heat recovery and for creating heat and power systems for buildings and residences.

“Cool Energy’s technology is in a sweet spot for clean energy, enabling low-temperature waste heat recovery, and novel solar and biomass systems for distributed power generation,” Bill Gross, chief executive officer of Idealab, said in the statement.

Idealab has mentored technology companies in fields such as robotics, renewable energy, automotive design and search and Internet media and services, according to the statement.

In all, 11 investors have helped fund Cool Energy, according to an SEC filing made on Friday, July 15.

BOULDER – An area biotechnology startup and a clean-energy company have each received $1 million in venture capital funds to help them grow.

Boulder-based Mosaic Biosciences Inc. will use the money to help fund research in body tissue regeneration, the company said in a U.S. Securities and Exchange Commission filing. Mosaic plans to prove its technology as being effective for healing wounds, according to the SEC filing. It was formed by University of Colorado at Boulder researchers in 2009.

Investors include High Country Venture LLC in Boulder, Morganthaler Ventures, based in Menlo Park, California, and HealthCare Ventures, based in Cambridge, Massachusetts.

Separately, power-generation…

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