FreshTracks Capital Raises its Third Fund

FreshTracks Capital announces the closing of FreshTracks III, its third venture capital fund raised since the firm was founded in 2000. This most recent Fund raised $11.5 million from 48 Limited Partners, and intends to invest in 10 – 15 companies over its 10 year life.

Budnitz Bicycles Releases New Short Film

Budnitz Bicycles also released a new short film, “The Gift”, last month. The film film by award-winning filmmaker Russ Lamoureux features the Budnitz Model No.3 city bicycle, a beautiful woman, a pigeon, and a bucket of water

Solais Successfully Sold to PowerSecure (POWR)

On Monday, April 15, 2013, PowerSecure announced that it had acquired Solais for $15MM in cash and stock. “The acquisition strengthens and complements PowerSecure’s existing LED business with additional product lines and an expanded customer base.”

Williston-based NEHP Inc. Acquired by Sequel

Sequel Industrial Products, Inc., a holding company operating industrial infrastructure businesses, and serving manufacturing, research, chemical processing, and other industries globally, announced on September 28th that it acquired FreshTracks II portfolio company NEHP.

Draker and Solar Power Technologies Merge

Draker and Solar Power Technologies, Inc. (SPTI) jointly announce that they have successfully merged, effective August 21, 2012. The combination creates a global leader with the most innovative offering of performance management solutions for commercial and utility-scale solar markets.

FreshTracks Capital Announces Investment In NativeEnergy

FreshTracks Capital II, L.P. (“FreshTracks”), a Middlebury-based venture capital fund with a primary interest in Vermont investments, announced that it has invested alongside Village Ventures in the Series A financing of NativeEnergy, a Charlotte, Vermont -based marketer of renewable energy credits (RECs) and carbon offsets.

FreshTracks Capital Announces Investment in NEHP

FreshTracks Capital announced that it has invested an undisclosed amount in NEHP Inc. NEHP is a highly successful Vermont company that has developed a patented modular method of tool installation for semiconductor manufacturing and also provides hygienic piping and skid solutions to the life sciences industries.