Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Stion Raises $15 Million Series B

Abstract:
Stion ( http://www.stion.com ), a next-generation solar photovoltaics company developing high-efficiency thin-film modules comprised of proprietary materials, announced that it has raised a $15 million Series B financing led by Lightspeed Venture Partners ( http://www.lightspeedvp.com ). General Catalyst Partners ( http://www.generalcatalyst.com ) also participated, as did all three existing investors - Khosla Ventures ( http://www.khoslaventures.com ), Braemar Energy Ventures ( http://www.braemarenergy.com ) and Moser Baer Photovoltaic ( http://www.moserbaer.com ). Peter Nieh, a Partner at Lightspeed, will join Stion's Board of Directors.

Stion Raises $15 Million Series B

MENLO PARK, CA | Posted on June 26th, 2007

Stion is aiming to minimize the total installed system cost of solar electricity. The Company will use the Series B funds to accelerate its product development efforts. "We are very pleased with the addition of Lightspeed and General Catalyst to our investor base," said Chet Farris, Stion's President and CEO. "Our technology is primed for the next phase of development, and the proceeds from this round will take us to early commercialization phase."

####

About Stion
Stion was founded in 2006, and its technology is based on the work of Dr. Howard Lee, a leading researcher in nanotechnology and semiconductor materials and devices with 28 years of corporate, government and R&D experience. The Company’s President and CEO, Chet Farris previously worked as President of Shell Solar Industries and also served as President of the Solar Energy Industries Association (SEIA).

About Lightspeed

Lightspeed Venture Partners combines extensive venture capital and operating experience to assist entrepreneurs in creating industry-leading technology companies. Lightspeed manages $1.3 billion in committed capital and focuses on early-stage investments in the U.S., Asia and Israel.

About General Catalyst

General Catalyst Partners is a venture capital firm that invests in exceptional entrepreneurs who are building the technology-based companies that will lead innovation and transform industries. Founded in 2000, General Catalyst Partners leverages its principals’ extensive operational, business development and technological expertise to provide portfolio companies with a catalyst for success through business-building and partnership development assistance. General Catalyst has approximately $1 billion under management and is headquartered in Cambridge, Mass. For more information, please visit:
http://www.generalcatalyst.com .

For more information, please click here

Contacts:
Stion
Frank Yang
650-363-0366 x109
Manager of Business Development

Copyright © Business Wire 2007

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Investments/IPO's/Splits

Arrowhead Pharmaceuticals Reports Inducement Grants under NASDAQ Marketplace Rule 5635(c)(4) March 20th, 2018

Nanometrics to Present at the 30th Annual ROTH Conference February 27th, 2018

180 Degree Capital Corp. Reports Net Asset Value per Share of $2.60 as of December 31, 2017; A Decrease of 3.0% From Prior Quarter and an Increase of 11.1% From December 31, 2016 February 27th, 2018

Nanowire LED Innovator Aledia Announces €30 ($36M) Million Series-C Financing: Intel Capital Joins Existing Investors to Commercialize Certain Nanowire-LED Technologies for Mobile Displays January 29th, 2018

Announcements

JPK reports on research of the Mestroni Lab at the University of Colorado Denver which use the JPK NanoWizard® AFM to help in the characterization of cardiomyopathies April 24th, 2018

Organic solar cells reach record efficiency, benchmark for commercialization April 23rd, 2018

Remote-control shoots laser at nano-gold to turn on cancer-killing immune cells April 20th, 2018

New qubit now works without breaks: A universal design for superconducting qubits has been created April 19th, 2018

Energy

Organic solar cells reach record efficiency, benchmark for commercialization April 23rd, 2018

Psst! A whispering gallery for light boosts solar cells April 14th, 2018

High efficiency solar power conversion allowed by a novel composite material: A composite thin film developed at INRS improves significantly solar cells' power conversion efficiency April 10th, 2018

Light 'relaxes' crystal to boost solar cell efficiency: Rice, Los Alamos discovery advances case for perovskite-based solar cells April 6th, 2018

Solar/Photovoltaic

Organic solar cells reach record efficiency, benchmark for commercialization April 23rd, 2018

Salt boosts creation of 2-D materials: Rice University scientists show how salt lowers reaction temperatures to make novel materials April 18th, 2018

Psst! A whispering gallery for light boosts solar cells April 14th, 2018

High efficiency solar power conversion allowed by a novel composite material: A composite thin film developed at INRS improves significantly solar cells' power conversion efficiency April 10th, 2018

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project