Konarka Secures $45 Million in Private Capital Financing
Monday, October 1st, 2007Konarka, developers of organic photovoltaics,
today announced it has raised $45 million in private capital financing. The financing was led by Mackenzie Financial Corporation, a leading investment management firm with over $60 billion in assets under management, and was co-led by existing investor, Good Energies, a leading investor in the renewable energy industry. Lead investors from prior rounds also participated, including Draper Fisher Jurvetson (DFJ), Asenqua Ventures, New Enterprise Associates (NEA) and 3i. Other participating current investors include Vanguard Ventures, Chevron Ventures, Massachusetts Green Energy Fund, NGEN Partners and Angeleno Group. The financing was agented by Lehman Brothers.