Soladigm Closes $55 Million in Equity Financing

MILPITAS, Calif., Jun 25, 2012 (BUSINESS WIRE) — Soladigm, a lead­ing man­u­fac­tur­er of high­ly ener­gy-effi­cient Dynam­ic Glass for build­ings, announced today that it closed $55 mil­lion in Series D equi­ty financ­ing, co-led by Reinet Invest­ments and Nan­oDi­men­sion. Con­cur­rent with the financ­ing, Mr. West­on Quasha, direc­tor at Reinet, and Mr. Aymer­ic Sallin, founder and CEO at Nan­oDi­men­sion, will join Soladig­m’s Board of Directors.

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. Soladig­m’s exist­ing investors — DBL Part­ners, GE, Khosla Ven­tures, Nav­i­tas Cap­i­tal, Sig­ma Part­ners, and The West­ly Group also par­tic­i­pat­ed in this round.

Read the orig­i­nal arti­cle at The Wall Street Jour­nal’s MarketWatch →