SOURCE: VentureLoop

June 24, 2008 08:30 ET

VentureLoop Launches Jobs Web Site in Beta for Emerging Cleantech Companies

More Than 200 Cleantech Jobs Posted

SAN FRANCISCO, CA--(Marketwire - June 24, 2008) - As reported in VentureBeat, venture capitalists invested $2.2 billion in cleantech companies over the last year, excluding debt and other non-venture financings. That's a significant 45 percent growth in 2007, according to a MoneyTree report from PricewaterhouseCoopers, and a more robust level than earlier expected. To meet with this demand and upward trend, VentureLoop, the leader in job postings exclusively for venture-backed growth companies, today announced the launch of CleanLoop (www.cleanloop.com), a jobs web site dedicated to cleantech job postings for emerging solar, alternative fuels, advanced materials and software technology companies.

"As the number of cleantech job opportunities continues to surface, job candidates will have the option to locate emerging cleantech companies," said Jeremy McCarthy, CEO of VentureLoop. "With more than 600 venture-backed companies at VentureLoop, we're excited to branch out with a site focused on our client base that is in a market that is poised for immediate and long-term growth."

During its Beta phase, June through August, CleanLoop is offering free job posting for companies. Visitors to the web site can also sign up for a free CleanLoop newsletter, an aggregation of industry articles and blog postings about the cleantech sector. Bloggers and cleantech websites can even add the CleanLoop widget to their site to display the latest news on happenings in the industry.

"The timing is excellent for this kind of website," said Homer Antoniadis, CTO of Innovalight, a Silicon Valley startup that has developed a novel method of manufacturing low cost silicon based solar modules. "We are hiring several technical people for our company, and identifying top talent in a new market space can be a challenge. We're hopeful that CleanLoop can help drive quality candidates to our job openings."

About VentureLoop

VentureLoop is the leading website dedicated to job postings for emerging venture-backed companies. VentureLoop creates direct relationships with the world's top venture capital firms to connect their portfolio companies with quality candidates. Candidates can search the VentureLoop website for thousands of jobs at startups and growth companies backed by top-tier venture capital firms. VentureLoop's VentureCareers product is a hosted career page for venture capital firms, allowing portfolio companies to advertise job openings directly onto their venture capital firm's public website. VentureLoop also publishes the weekly VentureLoop Emerging Growth Newsletter, which communicates valuable information about emerging growth company news, funding, and career advice. Find out more at www.ventureloop.com.

About Innovalight

Innovalight, founded in 2002 is based in Sunnyvale, California. The company has developed low-cost, high-performance solar cells based on a proprietary silicon ink technology. Innovalight is venture-backed by top tier venture capital firms including Apax Partners, Convexa, Scatec, and Sevin Rosen Funds. More information on Innovalight can be found at www.innovalight.com.

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