Building sustainable businesses from the earliest stages of technology investing – helping seed a green revolution among cleantech startup companies.

In the News

News from May, 2007

Solaicx Closes $27.1 Million Series C Funding Round

Tuesday, May 8th, 2007

PR Newswire – Press Relase

The D. E. Shaw Group Leads, Mitsui Ventures Joins and Applied Materials Increases Investment

SANTA CLARA, Calif., May 8, 2007 — Solaicx, a leading manufacturer of mono-crystalline silicon ingots and wafers optimized for photovoltaic applications, today announced it has closed $27.1 million in Series C financing. The D. E. Shaw group is the lead investor in the funding round, which includes a new investment from Mitsui Ventures and follow-on investments from Applied Ventures, LLC (the venture capital arm of Applied Materials, Inc.), Firsthand Capital Management, Big Sky Ventures, and Greenhouse Capital Partners.

“We have a strong interest in emerging leaders in the alternative energy space and are delighted to support Solaicx through this investment,” said Alexander Wong, head of venture capital at the D. E. Shaw group. “Solaicx plays a crucial role in the solar energy value chain. Their continuous ingot growth technology provides the best of both worlds by increasing energy conversion efficiencies and reducing material costs. Ultimately, this translates to more cost-competitive solar energy for everyone.” (Full Article)