February 28, 2007
Bridgescale - Offering Climate-Friendly Venture Capital
Bridgescale
Partners, a leading expansion-stage venture capital firm, will offset
100 percent of company-generated carbon pollution this year with
renewable energy. To date, Bridgescale has purchased offsets for over
72 tons of CO2 emissions working in tandem as a Carbonfree™ partner
with Carbonfund.org, the country’s leading carbon reduction and offset
organization.
“At Bridgescale, we’re looking for
entrepreneurs creating innovative companies which include clean energy
businesses” said Rob Chaplinsky, Bridgescale co-founder. “We believe we
have a responsibility to run our investment practice carbon free and do
our part to work sustainably and improve the global environment.”
Working with Carbonfund.org, Bridgescale has invested in a combination
of renewable energy development, energy efficiency projects, and
reforestation. These efforts offset 100 percent of Bridgescale’s annual
gas and electric usage, business air travel, and business car travel.
"We
are excited to have Bridgescale Partners join our ever growing rooster
of Carbonfree™ partner organizations," said Eric Carlson, executive
director, Carbonfund.org. “Bridgescale’s own example to take
responsibility for their corporate CO2 emissions signifies their
leadership on this critical issue; one which we hope others in the
venture capital industry will follow. Bridgescale is sending a clear
message to the marketplace that they are solution–minded and forward
leaning in their actions.” Carbonfund.org is a non-profit organization
whose goal is to make carbon offsets and climate protection easy,
affordable and a normal way of life for every individual and business.
By supporting renewable energy, energy efficiency, and reforestation
projects Carbonfund.org will retire an equivalent amount of carbon
offsets. The financial support from these offsets will then help to
continue the development of clean, renewable domestic sources of energy.
About Bridgescale
Bridgescale is a new venture capital firm focused on expansion venture
investments in technology companies. Bridgescale’s capital is sourced
from some of the most respected institutional investors who have a
long-term commitment to venture capital. Since its inception in 2006,
Bridgescale currently has already invested in four portfolio companies
including Cortina Systems, a leading communications semiconductor
company focused on the carrier infrastructure market; Digital
Chocolate, a developer of games and applications for mobile phones; and
Proofpoint, the leading provider of enterprise-class messaging security
solutions.
The Bridgescale team has more than 70 combined years of operational,
venture capital, and investment banking experience including broad
transaction expertise spanning early-stage to public-market
transactions.
Collectively, the team members have invested
in more than 40 companies that were either sold or went public
including Atheros, CNET, FormFactor, GeoCities, ONI Systems, Pivotal
Technologies, Quantum Effects Design, SupportSoft, and Sycamore. In
addition, they have advised on more than 35 M&A and financing
transactions representing in excess of $25 billion in transaction
value. For more information, please visit Bridgescale’s Web site at www.bridgescale.com
About Carbonfund.org
Carbonfund.org is the country’s leading carbon reduction and offset
organization. Carbonfund.org educates the public about the dangers of
climate change and makes it easy and affordable for individuals,
businesses and organizations to reduce their climate impact.
Carbonfund.org is reducing the threat of climate change by promoting
cost-effective carbon reductions and supporting renewable energy,
energy efficiency and reforestation projects globally that reduce and
offset carbon dioxide emissions. Carbonfund.org works with over 100
corporate and non-profit partners including the National Wildlife
Federation, Dell, IMD, Ovation Travel Group and Working Assets.
For More Carbonfund.org information Contact:
Michael Stewart, Partnership Coordinator, Carbonfund.org
415-571-8372
mstewart@carbonfund.org
For More Bridgescale information Contact:
Lisa Tarter
TidalWave PR
415-203-2462
lisa@tidalwavepr.com
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