SolFocus Expands Round to $77 Million
SolFocus Inc., a Palo Alto, Calif.-based developer of solar concentrator photovoltaic systems, today announced that it has expanded its Series C round to $77.6 million. The company had previously announced a $47 million first close, although peHUB reported in February that the round had expanded to around $67 million. Demeter Partners and affiliates of Advanced Equities came in as new investors, while the round also include Apex Venture Partners, New Enterprise Associates, NGEN Partners and Yellowstone Ventures. SolFocus previously raised nearly $100 million in its Series A and Series B rounds.
9 July 2009•3 mins read
