Tuesday, May 17, 2005

Konarka raises $7M in new venture debt financing

Word today that Konarka raised additional capital via debt financing from Lighthouse Capital Partners, to fund further development of their photovoltaic plastic solution. To date the company had already raised over $30M in equity from many leading cleantech venture firms and strategic investors. A lot of people have high hopes for Konarka's ability to produce flexible, inexpensive photovoltaics -- they were recently named as a Red Herring 100 Company.


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