First Institutional Funding for Leading Provider of IT Infrastructure for Renewable/Distributed Power Generation

MENLO PARK, CA — DFJ Element, LP announced today that it had completed a $3.5 million investment in Fat Spaniel Technologies, Inc., a leading provider of IT infrastructure for distributed power generation.   The investment will be used to expand the company's engineering capabilities and to support its growth into additional markets.     

“The demand for renewable power and other forms of distributed power generation is growing explosively on a global basis - with no end in sight,” said Tim Newell, Managing Director of DFJ Element. “Fat Spaniel Technologies has emerged as an early leader in providing the IT infrastructure, software, and data services needed to support the deployment of renewable and distributed power systems.”

“This investment will help Fat Spaniel Technologies significantly grow its capabilities and market reach” said Chris Beekhuis, President and Chief Technology Officer of Fat Spaniel Technologies. “In addition, DFJ Element will bring tremendous business and clean tech experience - as well as a global presence - to help us execute on our strategic business objectives.”

About DFJ Element

DFJ Element is a leading venture capital fund investing in clean technology. Element invests in emerging companies bringing innovative solutions to environmental and resource constraints in energy, water and other large industrial and commercial markets.  Launched in 2005 by Element Venture Partners in partnership with leading global venture capital firm Draper Fisher Jurvetson, DFJ Element is managed by the industry's most experienced group of dedicated clean technology investors.  The Element principals have invested more than $225 million in over 40 companies in the clean technology sectors.   For more information, send queries to [email protected].

About Fat Spaniel Technologies

Based in San Jose, CA, Fat Spaniel Technologies (FST) provides critical IT infrastructure and services for distributed power generation. FST services include data monitoring, system management & control, and financial reporting. FST's independent, third-party solutions enable system owners, installers, integrators, OEMs and utilities to optimize the delivery of distributed energy, recognize revenue, mitigate risk, control costs, and bring new business models to market. FST products are presently deployed worldwide on both renewable and fossil-fuel distributed energy systems including solar, wind, fuel cells, microturbines, combined heat & power systems and diesel generators.   For more information, visit www.fatspaniel.com.

About Draper Fisher Jurvetson

Draper Fisher Jurvetson is the only venture capital firm with global presence through a network of affiliated funds, with offices in more than 30 cities around the world and more than $3.5 billion in capital commitments. DFJ's mission is to identify, serve and provide capital for extraordinary entrepreneurs anywhere who are determined to change the world. Over the past twenty years, DFJ has been proud to back approximately 300 companies across many sectors including such industry changing catalysts as Hotmail (acquired by MSFT), Baidu (BIDU), Skype (acquired by EBAY), United Online (UNTD), Overture (acquired by YHOO), Interwoven (IWOV), 411 (acquired by YHOO), Parametric (PMTC), and Digidesign (acquired by AVID). For more information, visit www.dfj.com.

Contacts:
DFJ Element, LP/Draper Fisher Jurvetson
Carolyn Tell
(650) 233-9000
[email protected]

Fat Spaniel Technologies
Tom Dinkel
(408) 279-5262
[email protected]

DFJ Element, LP
2882 Sand Hill Road, Ste 150
Menlo Park, CA 94025