Tuesday, October 14, 2008

Innovalight Scores $5M

Menlo Park-based Innovalight has scored $5M in a financing round, according to Leader Ventures a provider of debt and equity financing. Leader said that Innovalight has received $5M in financing from Leader Ventures and Silicon Valley Bank, for the firm's development of silicon-ink based solar cells and modules. Form the financing was not disclosed by Leader Ventures. Innovalight has previously scored equity financing from Apax Partners, ARCH Venture Partners, Convexa Capital, Harris and Harris, Scatec AS, Sevin Rosen Funds, StarTech Early Ventures, and Triton Ventures.