OnGreen, a professional networking website that aims to serve as a platform for both cleantech entrepreneurs and potential investors, has raised a $1.4 million series A investment of its own from a jointly owned fund between Blue Marble Ventures in Los Angeles, and China Southern Hong Kong Investment in Shanghai. OnGreen is based in California.
Since its launch, last July, more than 300 entrepreneurs, in more than 35 countries have used OnGreen.com. The company, which describes itself as the “LinkedIn” of cleantech investing, lets investors review business plans and then, if they are interested contact the plan’s author to potentially back the venture.
OnGreen plans to generate revenue through advertizing, lead generation, events, research and other connection services.
With cleantech investing on the decline and early stage cleantech funding taking the biggest hit in a tight year of investments, cleantech entrepreneurs certainly need all the help they can get. I praise the founders of OnGreen for creating this network. Let us hope that they are successful. We need to live in a cleaner, “greener” world. Let the networking begin.
