News: Portfolio 2007

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

Deal marks fund's foray into environment sector of cleantech investing

Princeton, NJ Oct. 30, 2007- Battelle Ventures, LP, has closed its first deal in the environment sector, having led the $4.5-million oversubscribed Series B round of funding for precision forestry company ImageTree Corp. With last week's announcement of three deals in energy-related start-ups, this brings to six the number of companies in the fund's expanding energy & environment portfolio.

 

"ImageTree provides accurate and consistent assessment of forest assets to optimize timberland investment and management practices," explained Battelle Ventures General Partner Mort Collins. "Its patented process, which combines remote sensing, automated software, and advanced mathematics and analysis, is the lynchpin for superior site-specific economic, environmental and sustainable forest decision making.