GSV Capital Makes Five Investments: a Brief Summary

As our readers have noticed, during this week FinSMEs has covered five equity deals made by GSV Capital Corp. (Nasdaq:GSVC), a Woodside, CA-based publicly traded investment fund led by CEO and CIO Michael T. Moe.

Announced on 12 July, 2011, the five investments, which totalled approximately $7.8m (17% of GSV Capital’s net asset value), were made in the following venture backed private companies:
– Bloom Energy (read the investment news), a Sunnyvale, California-based provider of a new class of distributed power generator, producing clean and affordable electricity at the customer site,
– Chegg, (read the investment news) a Santa Clara, CA-based online textbook rental company,
– Gilt Groupe (read the investment news), a New York City-based eCommerce platform that provides daily deals to its community of shoppers, which had already raised $138m from SOFTBANK Group, General Atlantic, Matrix Partners, Goldman Sachs, New Enterprise Associates, Draper Fisher Jurvetson Growth, Pinnacle Ventures,TriplePoint Capital and Eastward Capital in May 2011 (read here),
– Silver Spring Networks (read the investment news), a Redwood City, CA-based energy efficient smart grid provider that filed with the Securities and Exchange Commission for an IPO of its common stock on July 7, 2011 (read here), and
– Serious Energy (read the investment news), a Sunnyvale, CA-based company that provides high tech products and services for building energy efficiency.

Adding to the previously announced investments in Kno and Facebook, these transations bring the total number of investments made by GSV since going public on April 28th, 2011 to seven. According to a written statement, the fund is also in the final stages of closing additional transactions within the next 30-60 days.



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