Home > News > Industry News > Soladigm closes $55 million in equity financing

Soladigm closes $55 million in equity financing

Post Time:Jun 25,2012Classify:Industry NewsView:89

Soladigm officials announced that the dynamic glassmanufacturer closed $55 million in Series D equity financing, co-led by Reinet Investments and NanoDimension. Concurrent with the financing, Weston Quasha, director at Reinet, and Aymeric Sallin, founder and CEO at NanoDimension, will join Soladigm's board of directors, according to a June 25 Soladigm release.

This latest investment round, which brings the total equity funding in the company to $125 million, will help accelerate Soladigm's commercialization efforts and drive global business growth, according to the release. Soladigm's existing investors--DBL Investors, GE, Khosla Ventures, Navitas Capital, Sigma Partners and The Westly Group--also participated in this round.

"Dynamic glass is a game-changing product that delivers on improving occupant comfort, reducing energy consumption and operating cost in buildings," Quasha said, in the release. "Soladigm is an excellent investment opportunity for Reinet based on the impressive results the team has achieved. The company is well positioned for the future and I look forward to helping them scale internationally."

Sallin added, "The Soladigm team has demonstrated they can take a sophisticated nanotechnology from concept to industrial scale at a rapid pace, while delivering on product performance, durability and cost. ... As a result, NanoDimension has significantly increased its investment in this round of financing, and I look forward to helping guide the company's exciting future."

Share this article:

Source: http://www.glassmagazine.com/news-item/commercial/soladigm-closes-55-million-equity-financing-129841Author:

Hot News